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Vay. Brief Exercise A-4 Bates Company issued $700,000, 9-year bonds. It agreed to make annual deposits of $75,500 to a fund (called a sinking fund),

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Vay. Brief Exercise A-4 Bates Company issued $700,000, 9-year bonds. It agreed to make annual deposits of $75,500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 4% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 9 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund Click if you would like to show Work for this quel pion: Open Show Work Carly Simon wishes to invest $28,202.17 on July 1, 2020, and have it accumulate to $68,000 by July 1, 2030. Use a financial calculator to determine at what exact annual rate of interest Carly must invest the $28,202.17. (Round answer to 2 decimal places, e.g. 25.25%.) Annual rate of interest % Click if you would like to Show Work for this question: Open Show Work Vay. Brief Exercise A-4 Bates Company issued $700,000, 9-year bonds. It agreed to make annual deposits of $75,500 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 9 years. The deposits are made at the end of each year into an account paying 4% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 9 years? (Round answer to 2 decimal places, e.g. 25.25.) Amount in the sinking fund Click if you would like to show Work for this quel pion: Open Show Work Carly Simon wishes to invest $28,202.17 on July 1, 2020, and have it accumulate to $68,000 by July 1, 2030. Use a financial calculator to determine at what exact annual rate of interest Carly must invest the $28,202.17. (Round answer to 2 decimal places, e.g. 25.25%.) Annual rate of interest % Click if you would like to Show Work for this question: Open Show Work

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