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A sinking fund is established to discharge a debt of $30,000 in 5 years. If deposits are made at the end of each 6-month period
A sinking fund is established to discharge a debt of $30,000 in 5 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 3%, compounded semiannually, what is the amount of each deposit? (Round your answer to the nearest cent.) Need Help? Read It
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