Sinking Fund Payment A company establishes a sinking fund to provide for the payment of a $100,000 debt maturing in 4 years Contributions to the fund are to be made each year Find the amount of each annual deposit if interest is 3 per annum Prepare a table showing the annual growth of the sinking ...

Regulan Payment per year 7 st Ind PV n 4 3 3 100 R 1 1in i 100000 R 1 10033 003 10 ...

Sinking Fund Payment: A company establishes a sinking fund to provide for the payment of a...

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College Accounting A Practical Approach chapte

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