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A state agency issues $ 5 7 5 million in bonds to repair bridges in the state. The state establishes a sinking fund by depositing
A state agency issues $ million in bonds to repair bridges in the state. The state establishes a sinking fund by depositing $ million at the end of each quarter into the fund for years to repay the bonds. The fund earns an annual interest rate of compounded quarterly. How much money in millions of dollars is in the fund after years?
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