Biology Forums - Study Force

Complete the partial sinking fund schedule (including the book value of the debt) showing the details of the first two and the last two payments. The rate of return is 6% compounded semiannually and the term is 5 years. Round the sinking fund payments and periodic interest earnings to the nearest dollar.

PMT #	PMT ($) (at end)	Interest ($)	Increase in Fund ($)	Balance in Fund ($)	Book Value ($)
0	-	-	-	0	8,000,000
1
2		20,935	718,779	1416623	6583377
8	-	-	-		1794537
9
10		212,684	910,528	7999999	1

Content hidden