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Find the amount of each payment to be made into a sinking fund so that there will be enough money toaccumulate the following amount . Payments are made aeat the end of each period . The interest rate given is perperiod12 ) $8 900 ; money earns 8 % compounded annually ; 6 annual paymentsARKA ) $1 517 06B ) $1 213. 21C ) $9 97 44D ) $4 48.68

 

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