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Jeff Associates borrowed $28,000. The company plans to set up a sinking fund that will repay the loan t the end of 8 years Assume

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Jeff Associates borrowed $28,000. The company plans to set up a sinking fund that will repay the loan t the end of 8 years Assume a 12% fund each period of time? (Do not round intermediate calculations. Round your answer to th cent.) interest rate compounded semiannually What must Jeff pay into the Payable amount

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