To pay off $75000000 worth of new construction bonds when they come due in 25 years, a water municipality must deposit money into a sinking fund. Payments to the fund will be made quarterly, starting three months from now. If the interest rate for the sinking fund is 6.4% compounded quarterly, how much will each deposit be?"   a. 111647.29   b. 308427.99   c. 236190.88   d. 137843.63   e. 179381.31

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A:

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