Shamrock corporation having recently issued a 20141900, Ask an Expert

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Shamrock Corporation, having recently issued a $20,141,900, 15-year bond issue, is committed to make annual sinking fund deposits of $622,900. The deposits are made on the last day of each year and yield a return of 10%.

A. Will the fund at the end of 15 years be sufficient to retire the bonds? No

B. Future value of an ordinary annuity ? $_______

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92306218

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