What amount will be in sinking fund at the end of 10 years


Question: Gordon Company issued $1,000,000, 10 year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5% annual interest. What amount will be in the sinking fund at the end of 10 years?

How do I set this up to calculate?

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Finance Basics: What amount will be in sinking fund at the end of 10 years
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