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Sinking funds lowell corporation wishes to establish a

Question: SINKING FUNDS Lowell Corporation wishes to establish a sinking fund to retire a $200,000 debt that is due in 10 yr. If the investment will earn interest at the rate of 9%/year compounded quarterly, find the amount of the quarterly deposit that must be made in order to accumulate the required sum.

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Mathematics: Sinking funds lowell corporation wishes to establish a

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