Question: Agus borrows $10,000 for five years at 8% convertible semiannually. Agus replaces the principal by means of deposits at the end of every year for

Agus borrows $10,000 for five years at 8% convertible semiannually. Agus replaces the principal by means of deposits at the end of every year for 5 years into a sinking fund which earns 10% effective (annual interest). Find the total dollar amount which Agus must pay over the 5 year period to completely repay the loan.

Please answer it correctly with formula please.

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