Provide an appropriate response.Suppose a company establishes a sinking fund to replace equipment that has a salvage value of $50,000. The company deposits $20,000 into the fund at the end of every six months. If interest is earned at the rate of 8% compounded semiannually, the value of the fund at the end of six years is
A. $237,701.48.
B. $300,516.11.
C. $187,701.48.
D. $137,701.48.
E. $250,516.10.
Answer: B
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Latitude (degrees)
Temperature (F)°
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