Question

is cre
chine costs 5,20,000 with an estimated life of 25 years. A sinking fund is
a new model at 25% higher cost after 25 years with a scrap value re
replace it by a new model at 25% higher cost aft
what amount should be set aside every year if the sinking fund iny
of 250
accumulate at 3.5% compound interest p.a.?
(c) 16.050
(d) 16,005​

Answer 1

Answer:

compound intrest is 16.050 per annum