15 semiannual payments are made into a sinking fund at 7% compounded semiannually so that $4850 will be present. Find the amount of each payment rounded to the nearest cent
A) 251.35 B) 245.45 C) 235.87 D) 251
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Answer:
251.35
Step-by-step explanation:
R=S[i/(1+i)^n-1]
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