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 beginning Calculate balance at the end of Sinking fund rate Payment and compoundingor end Term (years) 10 of return (%) interval of interval?interval 10 6.5 3 months Beginning 28
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