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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

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% p.a ?

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