A company established a sinking fund account to accumulate to $1,000,000 in three years. Payments are made at the beginning of each semiannual period, and the fund pays 4.5% compounded semiannually. Prepare a sinking fund schedule.

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The Answer of A company established a sinking fund account to accumulate to $1,000,000 in three years. Payments are made at the beginning of each semiannual period, and the fund pays 4.5% compounded semiannually. Prepare a sinking fund schedule.

A Company Established a Sinking Fund Account to Accumulate to $1,000,000