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.)
Transcribed Image Text:
End-of-term amount of sinking fund ($millions) Calculate balance at the end o interval Payment at beginning Term (years) Sinking fund rate of return (%) Payment and compoundingor end interval month Beginning of interval? 5.25 27
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