Details of this Paper

Company issued $1,000,000, 10-year bonds

Description

solution


Question

Gordon Company issued $1,000,000, 10-year bonds and agreed to make annual sinking fund deposits of $75,000. The deposits are made at the end of each year into an account paying 6% annual interest. What amount will be in the sinking fund at the end of 10 years?

 

Paper#26294 | Written in 18-Jul-2015

Price : $27
SiteLock