Carla Vista Co . issued $ 1 , 0 6 0 , 0 0 0 , 1
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Question:
Carla Vista Co issued $year bonds. It agreed to make annual deposits of $ to a fund called a sinking fund which will be used to pay off the principal amount of the bond at the end of years. The deposits are made at the end of each year into an account paying annual interest. What amount will be in the sinking fund at the end of years? Round to two decimal places
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