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Find the amount of each payment to be made into a sinking fund which ears 5% compounded quarterly and produces $38,000 at the end of

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Find the amount of each payment to be made into a sinking fund which ears 5% compounded quarterly and produces $38,000 at the end of 3.5 years. Payments are made at the end of each period The payment size is $(Do not round until the final answer. Then round to the nearest cont.)

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