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ACO Industries established a sinking fund in order to accumulate Php50,000 by depositing equal amounts of money at the end of every year for 3

ACO Industries established a sinking fund in order to accumulate Php50,000 by depositing equal amounts of money at the end of every year for 3 years. If the fund was earning interest at 8% compounded quarterly, construct a sinking fund schedule to illustrate details of the fund.

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