Question
MAM Trading established asalary fund inorder to accumulate Php50,000by depositing equal amounts of money every yer for 3 years. If the fund was earning interest
MAM Trading established asalary fund inorder to accumulate Php50,000by depositing equal amounts of money every yer for 3 years. If the fund was earning interest at 10%compounded annually .Construct a sinking fund schedule to iilustrate detail of fund, FV:50,000, r:10%, t:3, p:1, P____. Payment schedule ,Payment1, Interest earned:0, Increase i fund____,Fund Balance___,Book Value____. Payment 2, Interest Earned:____,Increase in Fund:____,Fund Balance:_____,Book Value:______.Payment 3, Interest Earned:___,Increase in Fund:____Fund Balance:______.Book Value:0
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