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do the rounding accurately please !!! Grouper Corporation, having recently issued a $20,066,900, 10-year bond issue, is committed to make annual sinking tund deposits of
do the rounding accurately please !!!
Grouper Corporation, having recently issued a $20,066,900, 10-year bond issue, is committed to make annual sinking tund deposits of $623,400. The deposits are made on the last day of each year and yield a return of 6%. Will the fund at the end of 10 years be sufficient to retire the bonds? (Round factor values to 5 decimal places, eg. 1.25124 and final answer to 2 decimal places, e s. 4,585.81.) $ Future value of an ordinary annuity Will funds be sufficient? Attempts: 0 of 1 used Submit Answer Save for Later you complete the part above Step by Step Solution
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