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Is it possible to do it without the tables? Brief Exercise G-4 Your answer is incorrect. Try again. Bates Company issued $1,000,000, 10-year bonds and
Is it possible to do it without the tables?
Brief Exercise G-4 Your answer is incorrect. Try again. Bates Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $78,000. The deposits are made at the end of each year into an account paying 6% annual interest. Click here to view the factor table Future Value of 1 ew fac an Annu (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? (Round answer to 2 decimal places, e.g. 25.75) Amount in the sinking fund 139,686.12 Click if you would like to Show Work for this question: Open Show WorkStep by Step Solution
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