$($b$2)$

Swifty Corporation, having recently issued a $$20,120,000,15-$year bond issue, is committed to make annual sinking fund deposits of $$606,200.$ The deposits are made on the last day of each year and yield a return of $10\%.$

Click here to view factor tables

Determine the amount of deficiency. $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $0$ decimal places, e$.$g$.458,581.)$

Deficiency $

eTextbook and Media

Attempts: $0$ of $3$ used

$($c$)$