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Complete the sinking fund schedule for a loan of $10,000 at 3% per annum for which the borrower repays the interest on the loan at
Complete the sinking fund schedule for a loan of $10,000 at 3% per annum for which the borrower repays the interest on the loan at the end of each year and deposits a level amount (also at the end of each year) necessary to repay the principal at the end of 4 years into a sinking fund which earns 4% per annum. Sinking Interest on Amount in Year Interest Fund Deposit Sinking Fund Sinking Fund 3
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