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Futura limited has an obligation to redeem Rs . 5 0 0 million bonds 6 years hence. How much should the company deposit annually in

Futura limited has an obligation to redeem Rs.500 million bonds 6 years
hence. How much should the company deposit annually in a sinking fund
account wherein it earns 14% interest, to accumulate Rs.500 million in 6 years
time?

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