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HY Industries Ltd . plans to replace a warehouse in eleveneleven years at an anticipated cost of $ 5 0 , 0 0 0 .
HY Industries Ltd plans to replace a warehouse in eleveneleven years at an anticipated cost of $ To pay for the replacement, a sinking fund has been established into which equal payments are made at the end of every months. Interest is semi annually.
a What is the size of the periodic payment?
b What is the accumulated balance just after the th payment
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