Mathematics, 30.10.2020 07:50 evazquez

A sinking fund is established to discharge a debt of $30,000 in 5 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 4%, compounded semiannually, what is the amount of each deposit?

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A sinking fund is established to discharge a debt of $30,000 in 5 years. If deposits are made at the...