Question
Supreme Corp has to redeem Rs 10,00,000 worth of debentures after 5 years from now . If the interest rate offered on recurring deposit in
Supreme Corp has to redeem Rs 10,00,000 worth of debentures after 5 years from now . If the interest rate offered on recurring deposit in a bank is 14 % pa what is the amount that has to be invested every year in a sinking fund to retire the above debentures ? How will the answer change if the interest rate is 10 % pa ?
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
