A Firm is intending to creat a sinking fund to retire Rs . 5 0 0 million,

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Question:

A Firm is intending to creat a sinking fund to retire Rs

. 500

million,

9 %

debendtures after

10

years. How much amount should the firm deposit at the end of each year to accumulate Rs

. 500

million after

10

yeras. Assume that the fund deposited each year earns interest of

10 %

.

Related Book For answer-question

Personal Finance

ISBN: 978-1133595830

12th edition

Authors: Thomas Garman, Raymond Forgue

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Posted Date: Feb 24, 2024 12:47 AM

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A Firm is intending to creat a sinking fund to retire Rs . 5 0 0 million,

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