15 semiannual payments are made into a sinking fund at 7% compounded s – McqOptions

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1.	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
Answer» B. 245.45

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