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QUESTIONS Suppose you decide to use a sinking fund to save $275000 for a house. If you plan to make 240 monthly payments and you

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QUESTIONS Suppose you decide to use a sinking fund to save $275000 for a house. If you plan to make 240 monthly payments and you pay 4.95 interest per annum compounded monthly what is the required payment for an ordinary annuity O 5990.72 5649.95 5672.92 5728.94 None of these

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