The debt in the table below is retired by the sinking fund method. Interest payments on the debt are made at the end of

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The Debt In The Table Below Is Retired By The Sinking Fund Method Interest Payments On The Debt Are Made At The End Of 1 (32.61 KiB) Viewed 60 times

The debt in the table below is retired by the sinking fund method. Interest payments on the debt are made at the end of each payment interval and the payments the sinking fund are made at the same time. Determine the following (a) the size of the periodic interest expense of the debt (b) the size of the periodic payment into the sinking fund, (c) the periodic cost of the debt (d) the book value of the debt at the time indicated Term of debt Debt Principal $19,000 10 years S 2 Payment Interval 3 months 2 Interest Rate on Debt 6.5% GEZOS (a) The size of the periodic interest expense is $ (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.) Interest Rate on Fund 7% Conversion Periodi quarterly Book Value Required. After 8 years