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St. George's must invest in new piers to entice ships to enter the port. They estimate that it will cost $ 5,000,000.00 in 20 years.

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St. George's must invest in new piers to entice ships to enter the port. They estimate that it will cost $ 5,000,000.00 in 20 years. They can invest in a sinking fund to finance this expenditure. What will they have to deposit semiannually at a 4.00% interest rate to fund this expenditure

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