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Fossil Fuel Corp. plans to create a sinking fund of $20,000,000 to ensure they can pay the FV of outstanding bonds by making equal deposits

Fossil Fuel Corp. plans to create a sinking fund of $20,000,000 to ensure they can pay the FV of outstanding bonds by making equal deposits at the end of every six months for 4 years. Interest is 6% compounded semi-annually. What is the size of each deposit

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