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Instruction: Fill in the blanks. Do not use thousand separator, use 2 decimal places only (i.e. 1000.00 instead of 1,000). MAM Trading established a sinking
Instruction: Fill in the blanks. Do not use thousand separator, use 2 decimal places only (i.e. 1000.00 instead of 1,000). MAM Trading established a sinking fund in order to accumulate Php50,000 by depositing equal amounts of money at the end of every year for 3 years. If the fund was earning interest at 10% compounded annually, construct a sinking fund schedule to illustrate details of the fund. FV Ir 50000.00 10% period Payment | Payment Schedule Interest Earned Increase in the Fund 0 Fund Balance Book Value 50000.00
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