Mathematics for FinanceMTP May 18Question 1485 of 422
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A sinking fund is created to redeem debentures worth $5,00,000$ at the end of $25$ years. How much provision each need to be made out of profits each year provided sinking fund investments can earn at $4\%$ per annum

Options

A$12,000$
B$12,040$
C$12,039$
D$12,035$
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Correct Answer

Option a$12,000$

All Options:

  • A$12,000$
  • B$12,040$
  • C$12,039$
  • D$12,035$

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