Sheffield Corporation, having recently issued a $$27,300,000,10-$year bond issue, is committed to make annual, sinking fund deposits of $$2,030,000.$ The deposits are made on the last day of each year and yield a return of $6\%.$

Will the fund at the end of $10$ years be sufficient to retire the bonds? $($Round factor values to $5$ decimal places, e$.$g$.1\mathrm{.}25124$ and final answer to $2$ decimal places, e$.$g$.4,585\mathrm{.}81.)$

Future value of an ordinary annuity $

Will funds be sufficient?

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