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Today, Arrow Company issued bonds that will mature to a value of $90,000 in 10 years. Arrow's controller is planning to set up a sinking

Today, Arrow Company issued bonds that will mature to a value of $90,000 in 10 years. Arrow's controller is planning to set up a sinking fund. Interest rates are 12% compounded semiannually. What will Arrow Company have to set aside to meet its obligation in 10 years?

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