A company wants to set up in fund to spay a loan of 15 years. If the sinking as an annual interest rate of 10, 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
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A company wants to set up in
fund to spay a loan of
15
years. If the sinking
as an
annual interest rate of
10, how
muon should the company deposit
into the sinking fund each year?
1. $2170
2. $1560
3. $1254
4. $2,000
C
Transcribed Image Text:A company wants to set up in fund to spay a loan of 15 years. If the sinking as an annual interest rate of 10, 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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