A company has borrowed $A and has agreed to pay interest on the loan every 3-months at j₄ = 8% and pay back the $A in one lump sum at the end of 11 years.The company will make quarterly deposits in a sinking fund earning j₄ = 4% to accumulate to $A by the end of 11 years.If the book value of the loan after 5 years is $81,485,what is the value of A? (Answer to the nearest $100)

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The Answer of A company has borrowed $A and has agreed to pay interest on the loan every 3-months at j₄ = 8% and pay back the $A in one lump sum at the end of 11 years.The company will make quarterly deposits in a sinking fund earning j₄ = 4% to accumulate to $A by the end of 11 years.If the book value of the loan after 5 years is $81,485,what is the value of A? (Answer to the nearest $100)

A Company Has Borrowed $A and Has Agreed to Pay