A Company establishes a sinking fund to provide
for the payment of Rs.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:
Rs.6,142
O
Rs.6,049
O
Rs.6,052
O
Rs.6,159
Answers
Answered by
2
Answer:
Option B
6048.52
Answered by
0
Answer:
FV = P [(1+r)^ - 1 / r ]
2,00,000 = p[ (1.05)^ - 1 / 0.05 ]
2,00,000 = p [ 2.65329-1 / 0.05 ]
2,00,000 = p 33.06595
P = 6048.52
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