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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

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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? $598.72 $649.95 $672.92 C $728.94 None of these C

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