You are planning to Purchase a house for Shs. 150 Million in the Next 10 years. You need to establish a sinking fund for this investment, if interest is paid on your savings into the fund at 20% p.a. compounded quarterly.

 What should be your Quarterly savings into the fund?    

                                                                                                    

You are planning to Purchase a house for Shs. 150 Million. You need to establish a sinking fund for this investment, suppose interest is paid on your savings into the fund at 20% p.a. compounded quarterly, and you save shs. 2.5 Million Quarterly into the fund.

What duration do you require to attain this Investment?

                                                   

You are planning to Purchase a house for Shs. 150 Million in the Next 10 years. You need to establish a sinking fund for this investment, Suppose interest is paid on your savings into the fund is compounded quarterly, and you save Shs. 2.0 Million quarterly into the fund.

 What rate of interest should your bank award in order to attain this Investment?          

Answer rating: 100% (QA)

To calculate the quarterly savings required to establish a sinking fund for the investment of Shs 15... View the full answer