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Q2. A debt of RM 150.000 bearing interest at 5% annually is to be discharged by the sinking fund method. If five equal deposits are
Q2. A debt of RM 150.000 bearing interest at 5% annually is to be discharged by the sinking fund method. If five equal deposits are made into a fund pays 3% compounded annually, find the annual interest payment, (1 mark) (CLO3:PLO6:C3) find the size of the annual deposit into the siraking fund. 1 BUSS 1611 ASSIGNMENT 2 SPT/OCT 20 (CLO3:PLO6:C3) (e) what is the annual cost of this debt? (2 marks) (CLO3:PLO6:03) (d) construct the sinking fund schedule. (3 marks) (CLO3:PLO6:C4)
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