5. A firm is intending to create a sinking fund to retire 500 million, 9% debentures after...
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5. A firm is intending to create a sinking fund to retire 500 million, 9% debentures after 10 years. How much amount should the firm deposit at the end of each year to accumulate *500 million after 10 years. Assume that the fund deposited each year earns interest of 10% p.a.
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