For each of the sinking funds, calculate (rounded to the nearest dollar): a. The size of the
Question:
a. The size of the periodic sinking fund payment.
b. The balance in the sinking fund at the time indicated in the last column. (Round the sinking fund payment to the nearest dollar before calculating the balance.)
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End-of-term amount of sinking fund ($millions) Payment at Calculate Sinking Payment and beginning balance at Term (years) 15 fund rate of return (%) compounding or end the end of interval interval of interval? 15 6.5 1 year End
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