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Shamrock Corporation, having recently issued a $20,126,200, 10-year bond issue, is committed to make annual sinking fund deposits of $623,500. The deposits are made on

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Shamrock Corporation, having recently issued a $20,126,200, 10-year bond issue, is committed to make annual sinking fund deposits of $623,500. The deposits are made on the last day of each year and yield a return of 6% Will the fund at the end of 10 years be sufficient to retire the bonds? (Round factor values to 5 decimal places, eg, 1.25124 and final answer to 2 decimal places, eg. 4,585.81.) Future value of an ordinary annuity $ Will funds be sufficient

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