Solved: What is the value of the periodic deposit, Finance Basics

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What is the value of the periodic deposit

Problem:

My company had establish a sinking fund for its outstanding preferred stock issue. $543,219,876 is the total amount that will be retired in 26 years. At the beginning of each of these 26 years, My company will deposit and equal amount into an account that will earns 4%. What is the value of this periodic deposit? Show Computations.

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Finance Basics: What is the value of the periodic deposit

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Finance Basics: What is the value of the periodic deposit

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