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A company establishes a sinking fund to discharge a debt $300 000 due in 5 years by making equal semiannual deposits, the first due in
A company establishes a sinking fund to discharge a debt $300 000 due in 5 years by making equal semiannual deposits, the first due in 6 months. If the deposits are placed in an account that pays 6% compounded semiannually what is the size of the deposits?
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