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(A) A company borrowed $ 150,000. The company plans to set up a sinking fund that will pay back the loan at the end of
(A) A company borrowed $ 150,000. The company plans to set up a sinking fund that will pay back the loan at the end of 10 years. Assuming a rate of 8% compounded semiannually, find the Sinking Fund of the ordinary annuity. (B) An employee decided to invest $ 2,500 quarterly for eight years in an ordinary annuity at 20%. What is the total cash value of the annuity at end of year S
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