Compute future value of sinking fund

Reference no: EM1364240

Gordon Company issued $1,000,000, 10 year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5% annual interest. What amount will be in the sinking fund at the end of 10 years?

Reference no: EM1364240

Questions Cloud

Compute canonical cover for set of functional dependencies : Compute a canonical cover for the above set of functional dependencies (show each step of your derivation with an explanation).

What is the mass of the fish : The longest recorded pass in an NFL game traveled 86 yards in the air from the quarterback to the receiver.Assuming that the pass was thrown at the optimal 45 angle, what was speed at which the ball left the quarterback's hand.

Illustrate what was the least amount in dollars : Has dollar appreciated or depreciated against the yen. Illustrate what was the least amount in dollars that your box lunch cost.

Explain japanese firms perceive a stronger positive : Explain Japanese firms perceive a stronger positive association between trust and commitment in intercultural

Compute future value of sinking fund : Gordon Company issued $1,000,000, ten year bonds and agreed to make annual sinking fund deposits of $80,000. The deposits are made at the end of each year into an account paying 5 percent yearly interest.

Find the charge per unit area on the plastic sheet : A certain car is capable of accelerating at a rate of 0.63 m/s2. How long does it take for this car to go from a speed of 56 mi/h to a speed of 60 mi/h.

Estimating proportions based on observations : how many total observations do you need to estimate the proportion of time Sgt. Nimble spends doing paperwork?

Controversial public policy issue : What are the privacy requirements under HIPAA? Explain why confidentiality of health information has been a controversial public policy issue.

Explain the trainees are rated as unsatisfactory : Find the following probabilities for a sample of n = 10 trainees selected at random. Two or more are rated as outstanding. None of the trainees are rated as unsatisfactory.

User Account

All Pages