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Instruction: Fill in the blanks. Do not use thousand seperator, use 2 decimal places only. ACO Industries established a sinking fund in order to accumulate
Instruction: Fill in the blanks. Do not use thousand seperator, use 2 decimal places only. ACO Industries 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 8% compounded quarterly, construct a sinking fund schedule to illustrate details of the fund. 50000.00 FV 8% 4 period Payment Payment Schedule Payment 16337.73 Interest Earned Increase in Fund Fund Balance Book Value 50000.00
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