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Question content area top Part 1 Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period

Question content area top Part 1 Find the interest rate needed for the sinking fund to reach the required amount. Assume that the compounding period is the same as the payment period. (Note. A sinking fund is an account created to fund a future expense. It's like a savings account) $21,408 to be accumulated in 4 years; quarterly payments of $1225

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