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Sheffield Corp. issued $1,300,000,12-year bonds. It agreed to make annual deposits of $75,000 to a fund (called a sinking fund), which will be used to

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Sheffield Corp. issued $1,300,000,12-year bonds. It agreed to make annual deposits of $75,000 to a fund (called a sinking fund), which will be used to pay off the principat amount of the bond at the end of 12 ycars. The deposits are made at the end of each year into an account paying 7% annual interest. Click here to view the factor table 1. Table 2 Table 3 Table 4 What amount will be in the sinking fund at the end of 12 years? (For calculation purposes, use 5 decimal ploces as displayed in the foctor table provided, es. 5.24571. Round onswer to 2 decimal places, es. 25.25.) Amount in the sinking fund $

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