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Z LTD has a k1 million bond issue outstanding .if deposits earn 8 percent per annum , calculate the amount that can be deposited annualy

Z LTD has a k1 million bond issue outstanding .if deposits earn 8 percent per annum , calculate the amount that can be deposited annualy to a sinking fund in order accumulate enough money to retire the entire k1 million issue at the end of 20 years.

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