Question: Equal deposits are made into a sinking fund at the end of each year for seven years. Interest is 5.5% compounded annually, and the maturity

Equal deposits are made into a sinking fund at the end of each year for seven years. Interest is 5.5% compounded annually, and the value of the fund is $20 000. Find the size of the annual deposits and construct a sinking fund schedule showing totals.

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