CALCULATOR ALL SCREEN PRINTER VERSION BACK Vaughn Corporation, having recently issued a $20,110,400, 15-year bond issue, is committed to make annual sinking fund deposits of $612,200. The deposits are made on the last day of each year and yield a return of 10%. NEXT Click here to view factor tables Will the fund at the end of 15 years be sufficient to retire the bonds? Future value of an ordinary annuity 659591.60 Will funds be sufficient? No. LINK TO TEXT LINK TO TEXT LINK TO TEXT Your answer is incorrect. Try again. Vaughn Corporation, having recently issued a $20,110,400, 15-year bond issue, is committed to make annual sinking fund deposits of $612,200. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Determine the amount of deficiency. (Round Factor values to 5 decimal places, e.g. 1.25124 a 458,581.) Deficiency 659591.60