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Complete the partial sinking fund schedule (including the book value of the debt) showing the ...

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Complete the partial sinking fund schedule (including the book value of the debt) showing the ...

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 7% compounded semiannually and the term is 10 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	10,000,000
1
2		12,376	365,987	719,598	9,280,402

18	-	-	-		1,336,640
19
20		326,207	679,818	10,000,007	(7)

Textbook

Business Mathematics in Canada

Edition: 11^th

Authors: Jerome, Worswick

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