Question: Question 4: (20 points) A- A company borrowed $ 67,000. The company plans to set up a sinking fund that will pay back the loan

Question 4: (20 points) A- A company borrowed $ 67,000. The

Question 4: (20 points) A- A company borrowed $ 67,000. The company plans to set up a sinking fund that will pay back the loan at the end of 8 years. Assuming a rate of 6% compounded semiannually, find the Sinking Fund of the ordinary annuity. (7 points)

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