A company sets asides a sum of RS. 45000 annually for 9 years to pay off a debenture issue of 500000 . if the fund accumulates at 6% p.a. , find the surplus after full redemption of the debenture issue.
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Answer:
45000×9
Step-by-step explanation:
500000×6
then you check your answer is correct or wrong
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present value of 45000 is 517109
517109-50000=17109
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