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A woman expects to have $10,000 in 4 years to buy a pair of earrings....

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Basic Math

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A woman expects to have $10,000 in 4 years to buy a pair of earrings. She plans to create a sinking fund by depositing an amount every 6 months. If the fund earns 16% interest compounded semi-annually, find the semi-annual deposit and construct a sinking fund schedule.

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