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A company sold $ 2 5 0 , 0 0 0 bonds and set up a sinking fund that was earning 8 % compounded semi
A company sold $ bonds and set up a sinking fund that was earning compounded semiannually to retire the bonds in four years. If it made equal deposits into the fund at the beginning of every six months, construct a partial sinking fund schedule showing the details for the first two and last two payments and the totals of the schedule.
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