For each of the sinking funds, calculate (rounded to the nearest dollar): a. The size of the
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a. The size of the periodic sinking fund payment.
b. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.)
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End-of-term amount of sinking fund ($millions) Payment at Calculate Sinking Payment and beginning balance at fund rate Term (yea rs) compounding or end the end of of return (%) interval ofinterval? interval 10 7.5 1 month End 65
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