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A corporation creates a sinking fund in order to have $ 5 1 0 , 0 0 0 to replace some machinery in 1 2

A corporation creates a sinking fund in order to have $510,000 to replace some machinery in 12 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 6.3% compounded quarterly? (Round your answers to the nearest cent.)
$
How much interest would they earn over the life of the account?
$
Determine the value of the fund after 2,4, and 6 years.
2 years $
4 years $
6 years $
How much interest was earned during the fourth quarter of the 5th year?
$

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