Question: Amount needed after 5 years for debenture redemption: 60,00,000. Rate of interest on investments expected: 5% Annual investment needed to get 15 after 5 years:

Amount needed after 5 years for debenture redemption: ₹60,00,000.

Rate of interest on investments expected: 5% 

Annual investment needed to get ₹15 after 5 years: ₹2.71462.

Ascertain the annual transfer to sinking fund.

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