Question: ( 1 point ) ( Exercise 5 . 2 6 ) A borrows $ 8 0 0 0 for 1 0 years at 8 %

(1 point)(Exercise 5.26) A borrows $8000 for 10 years at 8% convertible semiannually.
A pays the interest semiannually and replaces the principal by means of deposits at the
end of every year for 10 years into a sinking fund which earns 6% effective. Find the
total dollar amount which A must pay over the 10- year period to completely repay the
loan.
 (1 point)(Exercise 5.26) A borrows $8000 for 10 years at 8%

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