In 4 years, Jack McCanna must pay a pledge of $5000 to his churchs building fund. He
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In 4 years, Jack McCanna must pay a pledge of $5000 to his church’s building fund. He wants to set up a sinking fund to accumulate that amount. What should each semiannual payment into the fund be at 8% compounded semiannually?
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Related Book For 
Calculus With Applications
ISBN: 9780321831101
10th Edition
Authors: Margaret L Lial, Raymond N Greenwell, Nathan P Ritchey
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