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April 16, 2014

Homework Help: Math

Posted by Anonymous on Monday, November 14, 2011 at 12:46pm.

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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