Question
Carla Vista Co. issued $1,400,000, 15-year bonds and agreed to make annual sinking fund deposits of $74,600. The deposits are made at the end of
Carla Vista Co. issued $1,400,000, 15-year bonds and agreed to make annual sinking fund deposits of $74,600. The deposits are made at the end of each year into an account paying 4% annual interest.What amount will be in the sinking fund at the end of 15 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund
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Canadian Tax Principles
Authors: Clarence Byrd, Ida Chen
2006-2007 Edition
0132325314, 978-0132325318
