Question: Solve the problem. 17) Gary is saving for his children's college educations. He wants to have $140,000 available in te years so he decides to
Solve the problem. 17) Gary is saving for his children's college educations. He wants to have $140,000 available in te years so he decides to make payments of $4701.45 semiannually into a sinking fund which p annually, compounded semiannually. What is the total interest earned on the fund, to the ne dollar? A) $45,971 B) $94,029 C) $48,471 D) $46,971
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