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Po Campo Corporation issued $15,000,000 of bonds that mature in 12 years. It wants to make payments into a bond sinking fund at the end
Po Campo Corporation issued $15,000,000 of bonds that mature in 12 years. It wants to make payments into a bond sinking fund at the end of each year so that there will be enough to retire the bonds. The bond sinking fund earns 6% interest. What is the amount of the necessary payments? $889,155.50 O $1,250,000.00 O $1,789,156.28 O $1,691,690.53 O None of these are correct
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