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Linda set up a sinking fund so that can pay off $72,000 in 4 years. she will make semiannual payment at 14% compounded semiannually payment,
Linda set up a sinking fund so that can pay off $72,000 in 4 years. she will make semiannual payment at 14% compounded semiannually payment, at 14% compounded semiannually. in order to prepare sinking fund table you must first find the amount of the regular payment. how much is the pmt?
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