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A Ltd has to retire 1000 million of debentures each at the end of 8,9 and 10 years from now. How much should the firm

A Ltd has to retire 1000 million of debentures each at the end of 8,9 and 10 years from now. How much should the firm deposit in a sinking fund account annually for 5 years, in order to retire the debenture ? The interest rate earned is 8 percent .

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