(6) 3) Verma Corporation has to retire Rs.20 million of debentures cach at the end of...
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(6) 3) Verma Corporation has to retire Rs.20 million of debentures cach at the end of 6, 7, and 8 years from now. How much should the firm deposit in a sinking fund account annually for 5 years, in order to meet the debenture retirement need? The net interest rate earned is 10 percent. (6) (6) 3) Verma Corporation has to retire Rs.20 million of debentures cach at the end of 6, 7, and 8 years from now. How much should the firm deposit in a sinking fund account annually for 5 years, in order to meet the debenture retirement need? The net interest rate earned is 10 percent. (6)
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