A company wants to set up ank fund to repay a loan of years. If the sinking an 15 annual interest rate of 70, how muon should the company deposit into the sinking fund each year? 1. $2170 2. $1560 3. $1254 4. $2,000 C

A company wants to set up ank fund to repay a loan of years. If the sinking an 15 annual interest rate of 70, how muon should the company deposit into the sinking fund each year? 1. $2170 2. $1560 3. $1254 4. $2,000 C

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

ChapterM: Time Value Of Money Module

Section: Chapter Questions

Problem 2MC

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Question

Finance pro

A company wants to set up ank
fund to repay a loan of
years. If the sinking
an
15
annual interest rate of 70, how
muon should the company deposit
into the sinking fund each year?
1. $2170
2. $1560
3. $1254
4.
$2,000
C

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