Mathematics for FinancePYQ Dec 22Question 1457 of 422
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A company establishes a sinking fund to provide for the payment $₹ 2,00,000$ debt maturity in $20$ years contribution to the fund are to be made at the end of every year. Find amount of each deposit if interest is $10\%$ p.a.?

Options

A$₹ 3,592.11$
B$₹ 3,492.11$
C$₹ 3,392.11$
DNone of these
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Correct Answer

Option b$₹ 3,492.11$

All Options:

  • A$₹ 3,592.11$
  • B$₹ 3,492.11$
  • C$₹ 3,392.11$
  • DNone of these

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