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sound manufactoring company established a sinking fund to pay off a$1,000,000 bond fund issue that comes out in 9 years what equal payment must be

sound manufactoring company established a sinking fund to pay off a$1,000,000 bond fund issue that comes out in 9 years what equal payment must be desposited into the fund every 3 months at8% interest compounded quarterly in order for them to meet this financial obligation

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