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A company has a debt of 62,000 due in 6 years. How much money must it deposit at the end of each half-year into a
A company has a debt of 62,000 due in 6 years. How much money must it deposit at the end of each half-year into a sinking fund at 5% interest compounded semi-annually in order to pay off the debt? The company must deposit Sat the end of every half-year. (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)
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