Solve the application problem. Round to the nearest cent. 
-How much should be deposited semiannually into a sinking fund over 5 years to accumulate $ 159,000 if the money earns 8% compounded semiannually?
A) $27,103.14
B) $9,544.77
C) $13,869.57
D) $13,243.11
Correct Answer:
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