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SHR Incorporated borrowed $400,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years.

SHR Incorporated borrowed $400,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years. Assuming a rate of 6% compounded semiannually, the amount to be paid into the fund each period is (use the tables in the handbook):

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