A company wants to set up a GINKir fund to pay a loan of years. If the sinking 15 an annual interest rate of 70, how muon should the company deposit into the sinking fund each year?

Q: General Finance

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Q: Don't used hand raiting and don't used Ai solution

A: Step 1: Given Value for calculation Compound = Semiannually = 2Time = t = 16 * 2 = 32Interest Rate =…