Wildhorse Corporation, having recently issued a $$27,800,000,10-$year bond issue, is committed to make annual sinking fund deposits of $$1,730,000.$ 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, e$.$g$.1\mathrm{.}25124$ and final answer to $2$ decimal places, e$.$g$.4,585\mathrm{.}81.)$

Future value of an ordinary annuity

Will funds be sufficient?