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August 30, 2014

Homework Help: Math

Posted by Anonymous on Friday, November 11, 2011 at 4:43pm.

Jeff Associates borrowed $30,000. The company plans to set up a sinking fund that will repay the loan at the end of 8 years. Assume a 12 % interest rate compounded semiannually. What must Jeff pay into the fund each period of time?

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