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A city borrows $1,000,000 at /-9

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A city borrows $1,000,000 at /-9.5%. They pay off this loan over eight years using the sinking fund method. The sinking fund interest rate is), -8% What is this book value of the debt atter 5 years? (Loan interest and sinking fund deposits are made semi-annually, Answer to the nearest dollar) A. S463.738 OB. 5449.880 C. 5429.710 D. 5482,113