A company established a sinking fund account to accumulate $800,000 in five years. Payments are made annually, and the fund pays 5.75% compounded annually. Prepare a sinking fund schedule.

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The Answer of A company established a sinking fund account to accumulate $800,000 in five years. Payments are made annually, and the fund pays 5.75% compounded annually. Prepare a sinking fund schedule.

A Company Established a Sinking Fund Account to Accumulate $800,000