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A business sets up a sinking fund so that it will be able to pay off bonds it has issued when they mature. It deposits

A business sets up a sinking fund so that it will be able to pay off bonds it has issued when they mature. It deposits $12,000 at the end of each quarter in an account that earns 5% interest, compounded quarterly for 5 years. Q. Is it an ordinary annuity or an annuity due? ordinary annuity annuity due

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