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A company sold $200,000 bonds and set up a sinking fund that was earning 8.5% compounded semi-annually to retire the bonds in four years .
A company sold $200,000 bonds and set up a sinking fund that was earning 8.5% compounded semi-annually 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.
Round the payment up to the next cent. Round all other values to the nearest cent.
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Payment Fund Balance Book Value Payment Period Interest Earned Increase in the Fund 0 $0.00 $200,000.00 $0.00 $0.00 $0.00 $0.00 $0.00 1 1 $0.00 $0.00 $0.00 $0.00 $0.00 2 :: :: :: 0 $0.00 $0.00 0 $0.00 $0.00 $0.00 $0.00 $0.00 0 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 TotalStep by Step Solution
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