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I need the redemption value A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to
I need the redemption value
A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value "Letters only Annual deposits The principal in the fund at end of 12 th yearStep by Step Solution
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