(Solution) - Construct the complete sinking fund schedule Calculate the total interest -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Construct the complete sinking fund schedule. Calculate the total interest earned by adding up the ?interest earned? column and by calculating the difference between the final balance in the fund and the total of the contributed payments. Round the sinking fund payments and periodic interest earnings to the nearest dollar.