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What is the sinking fund payment

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Reference no: EM131627785

Question: 1. What is the sinking fund payment required at the end of each year to accumulate $125,000 in 16 years at 4% annual interest?

2. What is the present value of an ordinary annuity of $985 paid out every six months for eight years at 8% annual interest compounded semiannually?

Reference no: EM131627785

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