Bates company issued 1000000 9-year bonds and agreed to

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Bates Company issued $1,000,000, 9-year bonds and agreed to make annual sinking fund deposits of $73,800. The deposits are made at the end of each year into an account paying 9% annual interest.What amount will be in the sinking fund at the end of 9 years?

Reference no: EM13581784

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