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Business, 20.03.2020 23:58 atnlakshmanan

Pronghorn Corporation, having recently issued a $20,083,600, 15-year bond issue, is committed to make annual sinking fund deposits of $607,200. The deposits are made on the last day of each year and yield a return of 10%. Click here to view factor tables Determine the amount of deficiency. (Round factor values to 5 decimal places, e. g. 1.25124 and final answer to 0 decimal places, e. g. 458,581.) Deficiency $

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