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The Baxter Corporation started making sinking fund deposits of $50,000 per quarter today. Baxters bank pays 8% compounded quarterly, and the payments will be made

The Baxter Corporation started making sinking fund deposits of $50,000 per quarter today. Baxter’s bank pays 8% compounded quarterly, and the payments will be made for 10 years. What will the fund be worth at the end of time? (Use Annuity due formula)

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