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you are planning to purchase a house for shs. 150 million in the next 10 years. you need ot establish a sinking fund for this
you are planning to purchase a house for shs. 150 million in the next 10 years. you need ot establish a sinking fund for this investment, if interest si paid on your savings into the fund at 20% p.a. compounded quarterly, what should be your quarterly savings into the fund?
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