Homework Help is Here – Start Your Trial Now!
Math
Advanced Math
QUESTION 3 A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270 ?

QUESTION 3 A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270 ?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
See similar textbooks
icon
Related questions
Question

C

Mathematics In The Modern World

Note: If you have already answered the problems in this post, kindly ignore it. If not, then answer it. Thank you, Tutor!

Content Covered:
- Engineering Economics
- Simple Interest, Compound Interest, Annuity, Financial Mathematics & Comparison of Alternatives

Directions:
Solve the problem below by showing the complete solution. In return, I will give you a good rating. Thank you so much!

Note: Please be careful with the calculations in the problem. Kindly double check the solution and answer if there is a deficiency. And also, box the final answer.

Thank you so much!

QUESTION 3 A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270
Transcribed Image Text:QUESTION 3 A company issued 50 bonds of P1,000 face value each, redeemable at par at the ends of 15 years to accumulate the funds required for redemption, the firm restablished a sinking fund consisting of annual deposits, the interest rate being 4%. Find the following. Redemption value *Letters only Annual deposits The principal in the fund at end of 12th year a. 2,376 b. 2,460 c. 2,497 d. 2,566 e. 2,675 a. 20,900 b. 24,290 c. 32,450 d. 37,520 e. 43,270
Expert Solution
steps

Step by step

Solved in 3 steps with 3 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Recommended textbooks for you
Advanced Engineering Mathematics
Advanced Engineering Mathematics
Advanced Math
ISBN:
9780470458365
Author:
Erwin Kreyszig
Publisher:
Wiley, John & Sons, Incorporated
Numerical Methods for Engineers
Numerical Methods for Engineers
Advanced Math
ISBN:
9780073397924
Author:
Steven C. Chapra Dr., Raymond P. Canale
Publisher:
McGraw-Hill Education
Introductory Mathematics for Engineering Applicat…
Introductory Mathematics for Engineering Applicat…
Advanced Math
ISBN:
9781118141809
Author:
Nathan Klingbeil
Publisher:
WILEY
Mathematics For Machine Technology
Mathematics For Machine Technology
Advanced Math
ISBN:
9781337798310
Author:
Peterson, John.
Publisher:
Cengage Learning,
Basic Technical Mathematics
Basic Technical Mathematics
Advanced Math
ISBN:
9780134437705
Author:
Washington
Publisher:
PEARSON
Topology
Topology
Advanced Math
ISBN:
9780134689517
Author:
Munkres, James R.
Publisher:
Pearson,
SEE MORE TEXTBOOKS