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Arlex Oil Corporation plans to build a new garage in 6 years. To finance the project, the financial manager established a $250,000 sinking fund at

Arlex Oil Corporation plans to build a new garage in 6 years. To finance the project, the financial manager established a $250,000 sinking fund at 6% compounded semiannually. Find the semiannual payment required for the fund. A. $

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