A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270
A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270
Chapter9: Sequences, Probability And Counting Theory
Section9.4: Series And Their Notations
Problem 5SE: What is an annuity?
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Transcribed Image Text:A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for
redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following.
Redemption value
*Letters only
Annual deposits
The principal in the fund at end of 12th year
a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675
a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270
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