A company establishes a sinking fund to provide for the payment of ₹ 2,00,000 debt maturing in 20 years. Contributions to the fund are to be made at…
CA Foundation · Quantitative Aptitude · MTP · September 2024
A company establishes a sinking fund to provide for the payment of ₹ 2,00,000 debt maturing in 20 years. Contributions to the fund are to be made at the end of every year. Find the amount of each annual deposit if interest is 5% per annum :
Suggested Answer and Working Notes:
Correct Answer: Option (B)
B. ₹6,049
Topics: Part-A: Business Mathematics
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