Chapter 12 -Exercise 06
Sinking Fund - Majors Trucking, Inc.
Item needed:	18-Wheel Transport Truck
Amount needed:	$118,000
Interest rate:	6%
Payment made:	Annually for 5 Years
Sinking Fund Factor:
Payment	Periodic Interest	Periodic Payment	Balance at
			End of
			Period
1
2
3
4
5