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For the following sinking fund, calculate its average life. Face Value: $100 million Maturity: 10 Years Mandatory Sinking Fund Payments: Years 5 & 7: $25

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For the following sinking fund, calculate its average life. Face Value: $100 million Maturity: 10 Years Mandatory Sinking Fund Payments: Years 5 & 7: $25 million

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