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Please solve problem. Thanks. Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.)

Please solve problem. Thanks.

Find the amount of periodic payment necessary for the deposit to a sinking fund. (Round your answer to the nearest cent.) $

Amount Needed A	Frequency n	Rate r	Time t
$50,000	semiannually	15%	20 yr

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