Question: I NEED FULL SOLUTION PLEASE, I NEED IT ASAP A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends
I NEED FULL SOLUTION PLEASE, I NEED IT ASAP
A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following.
Redemption value __________
*Letters only
Annual deposits ________ a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675
The principal in the fund at end of 12th year __________ a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270

A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits a.2,376b.2,460c.2,497d.2,566e.2,675 The principal in the fund at end of 12th year a.20,900b.24,290c.32,450d.37,520e.43,270
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