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Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments

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Find the amount of each payment to be made into a sinking fund so that enough will be present to accumulate the following amount. Payments are made at the end of each period. The interest rate given is per period. $20,000; money earns 5% compounded semiannually for 16 years $226.89 $434.78 $397.19 $415.37

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