How much is the PMT

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Question - Lina sets up a Sinking Fund so that she can pay off $54,000 in 4 years. She will make semiannual payments, at 30% compounded semiannually. In order to prepare a Sinking Fund table, you must first find the amount of the regular payment. How much is the PMT?

a. $3,393.90

b. $3,339.90

c. $3,633.90

d. $3,933.90

Reference no: EM133089831

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