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Use the sinking fund formula shown to the right to determine the semiannual payments with 6% interest are compounded somiarowly for 5 years to accountate

Use the sinking fund formula shown to the right to determine the semiannual payments with 6% interest are compounded somiarowly for 5 years to accountate $87,000 The semiannual invested payment is $ (Round up to the nearest cent.) A p= nt - 1

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