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Page 6 (5 pts) 19. A bond issue is approved for building a marina in a lakeside city. The city is required to make regular

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Page 6 (5 pts) 19. A bond issue is approved for building a marina in a lakeside city. The city is required to make regular payments of $96,000 every quarter into a sinking fund paying 5.4% compounded quarterly. If the cost of the bond is $5,000,000, will the city be able to pay off this marina in 10 years with the proceeds from this sinking fund

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