Laurentian Airways is preparing for the replacement of one of its passenger jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund can earn 6% compounded semiannually, and the capital required in three years is $750,000. Prepare a complete sinking fund schedule. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

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The Answer of Laurentian Airways is preparing for the replacement of one of its passenger jets in three years by making payments to a sinking fund at the beginning of every six months for the next three years. The fund can earn 6% compounded semiannually, and the capital required in three years is $750,000. Prepare a complete sinking fund schedule. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

Laurentian Airways Is Preparing for the Replacement of One of Its