Mathematics for FinancePYQ Jun 23Question 1465 of 422
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A company want to replace its existing tool room machine at the end of $10$ years, the expected cost of machine would be $10,00,000$. If management of the company creates a Sinking Fund, how much provision needs to be made out of revenue each year which can earn at the rate of $10\%$ compounded annually?

Options

A$74,625$
B$72,514$
C$62,745$
D$67,245$
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Correct Answer

Option c$62,745$

All Options:

  • A$74,625$
  • B$72,514$
  • C$62,745$
  • D$67,245$

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