MY NOTES PRACTICE ANOTHER A sinking fund is established to discharge a debt of 30 000 in 25 years If deposits are made at the

Question

MY NOTES PRACTICE ANOTHER A sinking fund is established to discharge a debt of 30 000 in 25 years If deposits are made at the end of each 6 month period and interest is paid at the rate of 4 compounded semiannually wh is the amount of each deposit Round your answer to the nearest cent

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