The city of St. Louis wishes to repay a debt of $25,000,000 in 50 years. How much

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The city of St. Louis wishes to repay a debt of $25,000,000 in 50 years. How much should the city invest semiannually in a sinking fund paying a 7.5% interest rate compounded semiannually to accumulate $25,000,000 in 50 years?

The city of St. Louis wishes to repay a debt

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A Survey of Mathematics with Applications

ISBN: 978-0134112107

10th edition

Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde

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Question Posted: Jan 29, 2019 04:39 AM

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The city of St. Louis wishes to repay a debt of $25,000,000 in 50 years. How much

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A Survey of Mathematics with Applications

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