it point) A company borows $170000, which will be paid back to the lender in one payment at the end of 8 years. The company agrees to pay semiannually interest payments at the nominal annual rate of 15% compounded semm ily. Al the same time the company sets up a sinking und in order to repay the loan at the end of 8 years. The sinking fund pays interest at an annual nominal interest rate of 14% compounded semi-annually. Find the total amount of the semi-annually payments that is the sum of the interest payment and the sinking fund payment NOTE: Coursepack p.114, EX 2 Teasemiannually payments