Question: A company borrows RM 46,000, which is compounded at 15% pa, to nance a new production line. The debt will be discharged at the end

A company borrows RM 46,000, which is compounded at 15% pa, to nance a new production line. The debt will be discharged at the end of the 5 years with regular annual payments into a sinking fund which pays 11.25% p.a.. Assume the payments into the fund are made at the end of the every year, calculate the annual payments into the fund and construct a complete sinking-fund schedule

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