What amount will be in the sinking fund, Accounting Basics

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What amount will be in the sinking fund

Bates Company issued $1,000,000, 9-year bonds and agreed to make annual sinking fund deposits of $73,800. The deposits are made at the end of each year into an account paying 9% annual interest.What amount will be in the sinking fund at the end of 9 years?

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Accounting Basics: What amount will be in the sinking fund

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Accounting Basics: What amount will be in the sinking fund

Reference No:- TGS0686626

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Calculate the cash ledger balance

Q : What is the sales price variance

Q : Determine the purchase of a new imprinting machine

Q : Determine the present value of the bonds payable

Q : What amount will be in the sinking fund

Q : Find cross sectional area of hill using suitable technique

Q : Study on the effects of stress on migraines

Q : How much higher or lower will net operating income

Q : Calculate the total amount of contributed capital

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What amount will be in the sinking fund

Reference No:- TGS0686626

Recent Questions Asked Accounting Basics

Q : Calculate the cash ledger balance

Q : What is the sales price variance

Q : Determine the purchase of a new imprinting machine

Q : Determine the present value of the bonds payable

Q : What amount will be in the sinking fund

Q : Find cross sectional area of hill using suitable technique

Q : Study on the effects of stress on migraines

Q : How much higher or lower will net operating income

Q : Calculate the total amount of contributed capital

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