Carla Vista Co. issued $1,500,000, 15-year bonds and agreed to make annual sinki
ID: 2518752 • Letter: C
Question
Carla Vista Co. issued $1,500,000, 15-year bonds and agreed to make annual sinking fund deposits of $79,000. The deposits are made at the end of each year into an account paying 4% annual interest.
Future Value of an Annuity of 1 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What amount will be in the sinking fund at the end of 15 years? (Round answer to 2 decimal places, e.g. 25.75.)
Amount in the sinking fund?
AT&T; LTE 12:37 AM * 92%- ? edugenwileyplus.com Quiz List PRIN OF ACCT Il Section 054 WileyPLUS WileyPLUS Chegg Study| Guided Solutions and Stu 4% 5% 6% 7% 8% 9% 10% 11% 12% 15% Periods 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.00000 1.04000 05000 1.06000 107000 1.08000 1.09000 .10000 1.11000 1.12000 15000 1.08160 1.10250 1.12360 1.14490 .16640 1.18810 1.21000 1.23210 1.25440 32250 1.12486 1.15763 1.19102 1.22504 1.25971 1.295031.33100 .36763 1.40493 1.52088 1.169861.21551 1.26248 1.31080 36049 141158 1.46410 .51807 1.57352 .74901 1.21665 1.27628 338231.40255 1.46933 1.53862 1.61051 1.68506 1.76234 2.01136 6 1.26532 1.34010 1.41852 1.50073 1.58687 .67710 1.77156 1.87041 1.97382 2.31306 1.31593 1.40710 1.50363 1.60578 71382 1.82804 1.94872 2.07616 2.21068 2.66002 1.36857 1.47746 1.59385 1.71819 1.85093 1.99256 2.143592.30454 2.475963.05902 1.42331 .55133 1.689481.838461.99900 2.17189 2.35795 2.55803 2.77308 3.51788 1.48024 62889 1.79085 1.96715 2.15892 2.36736 2.59374 2.83942 3.10585 4.04556 1.53945 1.710341.89830 2.10485 2.33164 2.58043 2.85312 3.15176 3.47855 4.65239 1.60103 79586 2.01220 2.25219 2.51817 2.81267 3.13843 3.49845 3.89598 5.35025 1.66507 1.88565 2.13293 2.40985 2.71962 3.06581 3.45227 3.88328 4.36349 6.15279 1.73168 97993 2.26090 2.57853 2.93719 3.34173 3.79750 4.31044 4.887117.07571 15 .80094 2.07893 2.39656 2.75903 3.17217 3.64248 4.17725 4.78459 5.473578.13706 1.87298 2.18287 2.54035 2.95216 3.42594 3.97031 4.594975.31089 6.130399.35762 .94790 2.29202 2.69277 3.15882 3.70002 4.327635.05447 5.89509 6.86604 10.76126 182.02582 2.40662 2.85434 3.37993 3.99602 4.717125.55992 6.54355 7.68997 12.37545 4 12 13 14 CLOSE 16 17Explanation / Answer
Amount at the end of 15 years = FV(4%,15,-79000,0,0)
Amount at the end of 15 years = $15,81,863.42