Sunland Corporation, having recently issued a $ 20,007.300, 15-year bond issue, is committed to make annual sinking fund deposits of $ 622.600. 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 fund at the end of 15 years be sufficient to retire the bonds? Future value of an ordinary annuity Will funds be sufficient? No Sunland Corporation, having recently issued a $20,007,300, 15-year bond issue, is committed to make annual sinking fund deposits of $ 622,600. The deposits are made on the last day of each year and yield a return of 10%. Click here to viewfactor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e.g. 1.25124 and final answer to O decimal places, e.g.458,581.) Deficiency Under the terms of his salary agreement, president John Walters has an option of receiving either an immediate bonus of $60,500, or a deferred bonus of $ 77,000 payable in 10 years. Click here to view factor tables Ignoring tax considerations and assuming a relevant interest rate of 4%, which form of settlement should Present value of deferred bonus alters accept