Clearlake Optical has a ($ 50,000) note that comes due in 4 years. The owners wish to
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Clearlake Optical has a \(\$ 50,000\) note that comes due in 4 years. The owners wish to create a sinking fund to pay this note. If the fund earns \(2.5 \%\) compounded semiannually, how much must each semiannual deposit be?
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