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A corporation creates a sinking fund in order to have $950,000 to replace some machinery in 10 years. How much should be placed in this
A corporation creates a sinking fund in order to have $950,000 to replace some machinery in 10 years. How much should be placed in this account at the end of each quarter if the annual interest rate is 4.6% 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 $ Incorrect: Your answer is incorrect. 4 years $ . 6 years $ I
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