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Allright Corporation started making sinking fund deposits of $20,000 today. Its bank pays 5% compounded semi-annually and the deposits will be made at the beginning

Allright Corporation started making sinking fund deposits of $20,000 today. Its bank pays 5% compounded semi-annually and the deposits will be made at the beginning of every six months for 20 years. What will the fund be worth at the end of that time?

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