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

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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