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Company A is committed to make sinking fund deposits of $600,000 each year for 10 years. The company estimates that the yield on the deposits

Company A is committed to make sinking fund deposits of $600,000 each year for 10 years. The company estimates that the yield on the deposits would be 6%. What would be the present value of all deposits if the deposits are made on the first day of each year?

A. 4,691,014
B. 4,681,014
C. 4,701,014
D. 4,671,014

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