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The NVBN sets up a sinking fund with the objective of having $12,000,000.00 in 12 years. An examination of the fund just after the 4th

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The NVBN sets up a sinking fund with the objective of having $12,000,000.00 in 12 years. An examination of the fund just after the 4th year shows the fund contains $2,566,420.96. Calculate the required annual contribution into the sinking fund for the remaining 8 years if the estimated rate for the next 8 years is 9% c.a

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