A sinking fund is created redeeming debentures worth ₹ 5,00,000 at the end of 25 years. How much provision need to be made out of profits each year…
CA Foundation · Quantitative Aptitude · MTP · June 2024
A sinking fund is created redeeming debentures worth ₹ 5,00,000 at the end of 25 years. How much provision need to be made out of profits each year provided sinking fund investments can earn at 4 % per annum
Suggested Answer and Working Notes:
Correct Answer: Option (A)
A. 12,006
Topics: Part-A: Business Mathematics
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