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Jon wishes to accumulate $7,000 in 4 years for a long vacation. Use Table 12-1 from your text to find the sinking fund payment he

Jon wishes to accumulate $7,000 in 4 years for a long vacation. Use Table 12-1 from your text to find the sinking fund payment he would need to make at the END of every six months, at 2% interest compounded semiannually.

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