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Ekman Company issued $900,000, 10-year bonds and agreed to make annual sinking fund deposits of $73,100. The deposits are made at the end of each
Ekman Company issued $900,000, 10-year bonds and agreed to make annual sinking fund deposits of $73,100. The deposits are made at the end of each year into an account paying 4% annual interest. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 10 years?
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