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6. Consider the following (incomplete) sinking fund schedule (table). Note that there is no payment at t = 2. You MUST show your work
6. Consider the following (incomplete) sinking fund schedule (table). Note that there is no payment at t = 2. You MUST show your work to answer each of the two parts of this problem. Time Interest Sinking Interest S.F. Bal. Net Balance Deposit on Loan $0 in on Fund on After Loan Deposit S0 Years S.F. S0 SO $2,000 $100 S700 3 $795 $35.44 $0 (a) (8 points) Find the net balance on loan at t 3. (b) (7 points] Find the sinking fund deposit at t= 4.
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Answer a All columns are supplied at t0 Interest on SF will be 0 at t1 since there will be no SF bal...
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, Srikant M.Dater, George Foster, Madhav
13th Edition
8120335643, 136126634, 978-0136126638
