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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.

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. $77,000; money earns 5 % compounded semiannually for 11 years $1118.16 O $2517.62 $2832.62 O $2667.79

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