What is the amount of each deposit

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Reference no: EM131782049

Question: A sinking fund is established to discharge a debt of $80,000 in 10 years. If deposits are made at the end of each 6-month period and interest is paid at the rate of 8%, compounded semiannually, what is the amount of each deposit? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

Reference no: EM131782049

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