Question
SEPIA INC ISSUED BONDS FOR $400000 THAT WERE REDEEMABLE IN 9 YERAS. THEY ESTABLISHED A SINKING FUND THAT WAS EARNING 4.43% COMPOUNDED SEMI ANNUALY TO
SEPIA INC ISSUED BONDS FOR $400000 THAT WERE REDEEMABLE IN 9 YERAS. THEY ESTABLISHED A SINKING FUND THAT WAS EARNING 4.43% COMPOUNDED SEMI ANNUALY TO PAY BACK THE PRINCIPAL OF BONDS ON MATURITY. DEPOSITS WERE BEING MADE TO THE FUND AT END OF EVERY 6 MONTHS
CALCULATE THE SIZE OF PERODIC SINKING FUND DEPOSIT AND ASLO CALULATE THE SINKING FUND BALACE AT THE END OF PAYMENT PERIOD 14.
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Cost Accounting
Authors: Srivastava Lal, Jawahar Lal
5th Edition
1259026523, 978-1259026522
