Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Get Homework He X C Work XC Brief Exe: X Files WF App G: Homework x C Sandhill Co. Is Abox + wplus.com/courses/41602/assignments/4440893?module_item_id=13955266 Chrome Q

image text in transcribed

Get Homework He X C Work XC Brief Exe: X Files WF App G: Homework x C Sandhill Co. Is Abox + wplus.com/courses/41602/assignments/4440893?module_item_id=13955266 Chrome Q #15 SuperShu. Sterling Bank & T.. G thetollroads one t.. Welcome to The... >> te Show Attempt History Current Attempt in Progress ms Support X Your answer is incorrect. Ivanhoe Company issued $1,180,000, 14-year bonds. It agreed to make annual deposits of $ 94,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 14 years. The deposits are made at the end of each year into an account paying 8% annual interest. Click here to view the factor table. (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 14 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $ 2276202.51 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer 9:06 AM 2020-05-19 B si 0% 18 Get Homework He X C Work XC Brief Exe: X Files WF App G: Homework x C Sandhill Co. Is Abox + wplus.com/courses/41602/assignments/4440893?module_item_id=13955266 Chrome Q #15 SuperShu. Sterling Bank & T.. G thetollroads one t.. Welcome to The... >> te Show Attempt History Current Attempt in Progress ms Support X Your answer is incorrect. Ivanhoe Company issued $1,180,000, 14-year bonds. It agreed to make annual deposits of $ 94,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 14 years. The deposits are made at the end of each year into an account paying 8% annual interest. Click here to view the factor table. (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 14 years? (Round answer to 2 decimal places, e.g. 25.75.) Amount in the sinking fund $ 2276202.51 e Textbook and Media Save for Later Attempts: 2 of 3 used Submit Answer 9:06 AM 2020-05-19 B si 0% 18

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Security Risk Handbook Assess Survey Audit

Authors: Charles Swanson

1st Edition

1032030356, 978-1032030357

More Books

Students also viewed these Accounting questions

Question

explain what is meant by the terms unitarism and pluralism

Answered: 1 week ago