Grouper Corporation, having recently issued a $20,134,100, 15-year bon


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Grouper Corporation, having recently issued a $20,134,100, 15-year bond issue, is committed to make annual sinking fund deposits of $613,500. The deposits are made on the last day of each year and yield a return of 10%. Determine the amount of defic

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Grouper Corporation, having recently issued a $20,134,100, 15-year
bond issue, is committed to make annual sinking fund deposits of $613,500. The deposits are made on the last day of each year and yield a return of 10%.

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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