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Consider the sinking fund in the previous question. a . What is the total amount deposited by the company in this annuity? c . If
Consider the sinking fund in the previous question.
a What is the total amount deposited by the
company in this annuity?
c If the total amount deposited had been
invested as a onetime deposit with the same
interest rate, how much would the account
be worth after years?
b How much interest did the annuity earn over
the years?
d What onetime deposit would be required in
an account with the same interest rate to
cover the planned maintenance costs?
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