Mathematics for FinancePYQ Sep 24Question 1482 of 422
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What is the annual contribution required by an organization to accumulate $20,00,000$ in ten years for the construction of a new manufacturing plant, utilizing a sinking fund with $8\%$ annual interest rate of $8\%$ compounded annually? (Where $A(10,0.06) = 13.180785$)

Options

A$1,67,440.90$
B$1,51,736.03$
C$1,75,433.60$
D$1,83,714.28$
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Correct Answer

Option b$1,51,736.03$

All Options:

  • A$1,67,440.90$
  • B$1,51,736.03$
  • C$1,75,433.60$
  • D$1,83,714.28$

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