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Use the sinking fund formula shown to the right to determine the semiannual payments with 9% interest are compounded semiannually for 8 years to accumulate

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Use the sinking fund formula shown to the right to determine the semiannual payments with 9% interest are compounded semiannually for 8 years to accumulate $91,000. p = (1+)-1 The semiannual invested payment is $ (Round up to the nearest cent.)

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