Question: ( b 1 ) Blue Corporation, having recently issued a $ 2 0 , 0 7 5 , 7 0 0 , 1 5 -

(b1)
Blue Corporation, having recently issued a $20,075,700,15-year bond issue, is committed to make annual sinking fund deposits
of $625,000. The deposits are made on the last day of each year and yield a return of 10%.
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Will the fund at the end of 15 years be sufficient to retire the bonds?
Future value of an ordinary annuity
$
Will funds be sufficient?
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(b1) Blue Corporation, having recently issued a $20,075,700,15-year bond issue, is

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