Annual deposit = 73,500
Time period (n) = 13 years
Interest rate (i) = 4%
Future value = Annual deposit x Future value annuity factor (i%, n)
= 73,500 x Future value annuity factor (4%, 13)
= 73,500 x 16.6268
= 1222070
Amount in sinking funds after 13 years = 1222070
Please ask if you have any query related to the question. Thank you
Bates company issued 1,200,000, 13 year bonds. It agreed to make annual deposits of 73,500 to...
bates company issued 1,200,000, 13 year bonds. it agreed to make
annual deposits of 73,500 to a fund, which will be used to pay off
the principal amount of the bond at the end of 13 years. The
deposits are made at the end of the year into an account paying 4%
annual interest. what amount will be in the sinking fund at the end
of 13 years?
Amount in sinking funds-
he estimating costs and revenu e Brief Exercise...
Bates Company issued $600,000, 8-year bonds. It agreed to make
annual deposits of $70,500 to a fund (called a sinking fund), which
will be used to pay off the principal amount of the bond at the end
of 8 years. The deposits are made at the end of each year into an
account paying 5% annual interest.
Click here to view the factor table.
(For calculation purposes, use 5 decimal places as
displayed in the factor table provided.)
What amount...
Brief Exercise A-4 Bates Company issued $1,600,000, 12-year bonds. It agreed to make annual deposits of $82,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 12 years. The deposits are made at the end of each year into an account paying 9% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table...
Brief Exercise A-4 Bates Company issued $1,700,000, 15-year bonds. It agreed to make annual deposits of $79,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 15 years. The deposits are made at the end of each year into an account paying 5% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table...
Wildhorse Co. issued $1,100,000, 13-year bonds. It agreed to make annual deposits of $88,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 13 years. The deposits are made at the end of each year into an account paying 4% annual interest. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at...
Wildhorse Co. issued $1,100,000, 13-year bonds. It agreed to make annual deposits of $88,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 13 years. The deposits are made at the end of each year into an account paying 4% annual interest. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount...
Brief Exercise G-04 Carta Vista Cosed $1.060,000, 15-year bonds. It agreed to make annual deposits of $84,000 to a fund (called a sinking fund), which will be used to pay off the principal amount of the bond at the end of 15 years. The deposits are made at the end of each year into an account paying 4% annual interest Click here to view the factor table (For calculation purposes, use 5 decimal places as displayed in the factor table...
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise A-4 Bates Company issued $1,900,000, 15-year bonds. It agreed to make annual deposits of $71,000 to a funda the end of 15 years. The deposits are made at the end of each year into an account paying 8% annual interest. da sinking fand), which will be used to pay off the principal amount of the bond at Click here to view the factor table (For calculation purposes, es decimal places as...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 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 cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...
Brief Exercise G-4 Cullumber Company issued $1,300,000, 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 cick here to view the factor table Future Value 1 Cick here to the factor table Future Value of an Annuity of 1 (For calculation purposes, se decimal places as displayed in the factor table provided.) What amount will be in the sinking fund...