Agreed to make annual sinking fund deposits

Assignment Help Financial Management

Reference no: EM131521956

Sheridan Company issued $700,000, 9-year bonds and agreed to make annual sinking fund deposits of $71,000. The deposits are made at the end of each year into an account paying 4% annual interest.

Click here to view the factor table.

(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 9 years? (Round answer to 2 decimal places, e.g. 25.25.)

Amount in the sinking fund $

Reference no: EM131521956

Questions Cloud

Discuss and analyze the approach that hyundai has adopted : Hyundai Motor Company - Discuss and analyze the approach that Hyundai has adopted for its global strategy

Identify the top five most popular choices of hybrid cars : Identify the top five most popular choices of hybrid cars. Analyze the advantages of each car's technology, price, manufacturing, and impact on environment.

What amount should sunland company pay for investment : What amount should Sunland Company pay for this investment to earn an 9% return?

Create a marketing plan presentation : Create a marketing plan presentation. It must include the below elements.An opportunity to apply your knowledge to a real-world scenario.

Agreed to make annual sinking fund deposits : Sheridan Company issued $700,000, 9-year bonds and agreed to make annual sinking fund deposits of $71,000.

Where should safety manager be located within organization : Where should the safety manager be located within an organization? Discuss why these issues make a difference?

Describe the formal pay structure within the organization : Describe any profit sharing, stock ownership programs that are available. Describe the formal pay structure within the organization

Determine which portfolio performs better compare at t : What happens to the portfolios if the stock price drops to near zero? Determine which portfolio performs better compare at T.

Compare the rates in the us to the rates in your home state : Using T2D statistics, compare the rates in the U.S. to the rates in your home state. Use at least six peer-reviewed academic resources in this assignment.

User Account

All Pages