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

Find the amount of the 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.

$95,000;

money earns

4%

compounded semiannually for

212

years.

What is the payment size?

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