Question: Your answer is partially correct. Teal Corporation, having recently issued a $20,097,300, 15-year bond issue, is committed to make annual sinking fund deposits of $616.700.

Your answer is partially correct. Teal Corporation, having recently issued a $20,097,300, 15-year bond issue, is committed to make annual sinking fund deposits of $616.700. The deposits are made on the last day of each year and yield a return of 10%. 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 $ 113488 Will funds be sufficient? No e Textbook and Media Type here to search

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