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| rev | Admin | (Created page with "A 30-year $500,000 loan is paid off via the accumulation of a sinking fund. Sinking fund deposits are made at the beginning of each year. If the effective annual interest rate earned on the sinking fund is 10%, determine the amount in the sinking fund immediately prior to the 10th deposit. <ul class="mw-excansopts"> <li>37,800</li> <li>38,700</li> <li>39,400</li> <li>40,300</li> <li>41,300</li> </ul> '''References''' {{cite web |url=https://web2.uwindsor.ca/math/hlynk...") | Nov 27'23 at 0:56 | +647 |