Question
Ekman Company issued $1,400,000, 11-year bonds and agreed to make annual sinking fund deposits of $75,300. The deposits are made at the end of each year into an account paying 9% annual interest.
What amount will be in the sinking fund at the end of 11 years?
Account.pdf - Adobe Reader File Edit View Window Help 14 198% Tools Sign Comment Sign In Export PDF Files TABLE 1 Future Value of 1 Adobe ExportPDF Convert PDF files to to Word or Excel online. Select PDF File: Periods 5% 15% 4% 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 1.05000 1.06000 1.07000 1.08000 1.09000 1.10000 1.11000 1.12000 1.15000 1.08160 1.10250 1.12360 1.14490 1.16640 1.18810 1.21000 1.23210 1.25440 1.32250 1.12486 1.15763 1.19102 1.22504 1.25971 1.29503 1.33100 1.36763 1.40493 1.52088 1.16986 1.21551 1.262481.31080 1.36049 1.41158 1.46410 1.51807 1.57352 1.74901 1.21665 1.27628 1.33823 1.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 1.26532 1.34010 1.41852 1.50073 1.58687 1.67710 1.77156 1.870411.97382 2.31306 1.31593 1.40710 1.50363 1.60578 1.71382 1.82804 1.94872 2.07616 2.21068 2.66002 1.36857 1.477461.59385 1.71819 1.85093 1.99256 2.14359 2.30454 2.47596 3.05902 1.42331 1.55133 1.689481.83846 1.99900 2.171892.35795 2.55803 2.77308 3.51788 1.48024 1.62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.839423.10585 4.04556 1.53945 1.71034 1.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 .65239 1.60103 1.79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.66507 1.88565 2.13293 2.40985 2.71962 3.06581 3.45227 3.883284.363496.15279 1.731681.97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.310444.88711 7.07571 1.80094 2.078932.39656 2.75903 3.17217 3.642484.17725 4.784595.473578.13706 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.59497 5.310896.130399.35762 1.94790 2.29202 2.692773.15882 3.70002 4.32763 5.054475.895096.86604 10.76126 2.02582 2.40662 2.85434 3.37993 3.99602 4.717125.55992 6.54355 7.68997 12.37545 2.10685 2.52695 3.02560 3.61653 4.31570 5.14166 6.11591 7.26334 8.61276 14.23177 2.19112 2.65330 3.20714 3.86968 4.66096 5.60441 6.72750 8.06231 9.64629 16.36654 6% 9% 10% 12% Account.pdf 8% 11% 1 file/261 KB 0 Convert To: Microsoft Word (.docx) Recognize Text in English(U.S.) Change 4 onvert Create PDF Files Send Files 9 20 2:14 PM 4/10/2016
Explanation / Answer
$75300 x 17.56 = $1322290
