Question: i need help with this question please make sure the answer is correct and complete to answer this question you must solve part A and


Rasheed Furnishing issued bonds worth $500,000 to expand its factory. It established a sinking fund to retire this debt in 3 years and made deposits into it at the end of every six months. The fund was earning 7.00% compounded semi-annually. a. Calculate the size of the periodic sinking fund deposits. Round up to the next cent b. Construct a sinking fund schedule, illustrating the details of the fund for 3 years. For answers: Round to the nearest cent onstruct a sinking fund schedule, illustrating the details of the fund for 3 years. For answers: Round to the nearest cent Question 4 of 4 2 3 4 5 6 Total
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