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A corporation starts making quarterly payments into a sinking fund in order to have $850,000 in 10 years, assuming an annual interest rate of 6.8%
A corporation starts making quarterly payments into a sinking fund in order to have $850,000 in 10 years, assuming an annual interest rate of 6.8% compounded quarterly. How much interest will be earned over the life of the fund? (Round your answer to the nearest cent)
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