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Martinez Corporation, having recently issued a $20,097,300, 15-year bond issue, is committed to make annual sinking tund deposits of $616,700. The deposits are made on

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Martinez Corporation, having recently issued a $20,097,300, 15-year bond issue, is committed to make annual sinking tund deposits of $616,700. The deposits are made on the last day of each year and yield a return of 10% Click here to view factor tables Will the tund at the end of 15 years be sufficient to retire the bonds? Future value of an ordinary annuity $ will funds be sufficient? Yes NO e Textbook and Media

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