Question: (1 point) (Exercise 5.28) A borrows $4500 for 8 years at 12% convertible quarterly. A does not pay interest currently and will pay all accrued

(1 point) (Exercise 5.28) A borrows $4500 for 8 years at

(1 point) (Exercise 5.28) A borrows $4500 for 8 years at 12% convertible quarterly. A does not pay interest currently and will pay all accrued interest at the end of 8 years together with the principal. Find the annual sinking fund deposit necessary to liquidate the loan at the end of 8 years if the sinking fund earns 8% convertible semiannually. ANSWER =$

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