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Question 19 (1 point) Listen The City of Victoria has just issued $700,000 in 10-year bonds. They are required to establish a sinking fund in

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Question 19 (1 point) Listen The City of Victoria has just issued $700,000 in 10-year bonds. They are required to establish a sinking fund in order to save enough money to pay the bond redemption when it comes due. How much must they deposit at the end of every six months into the sinking fund in order to save the $700,000? Assume that the sinking fund earns j2=4%

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