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A sinking fund is established to discharge a debt of $ 6 0 , 0 0 0 in 5 years. If deposits are made at
A sinking fund is established to discharge a debt of $ in years. If deposits are made at the end of each month period and interest is paid at the rate of compounded semiannually, what is the amount of each deposit? Round your answer to the nearest cent.
$
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