Mathematics for FinanceMTP Sep 24Question 1543 of 462
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A company establishes a sinking fund to provide for the payment of 2,00,000\displaystyle 2,00,000 debt maturing in 20\displaystyle 20 years. Contributions to the fund are to be made at the end of every year. Find the amount of each annual deposit if interest is 8%\displaystyle 8\% per annum

Options

A6,142\displaystyle 6,142
B6,049\displaystyle 6,049
C6,052\displaystyle 6,052
D6,159\displaystyle 6,159
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Correct Answer

Option b6,049\displaystyle 6,049

All Options:

  • A6,142\displaystyle 6,142
  • B6,049\displaystyle 6,049
  • C6,052\displaystyle 6,052
  • D6,159\displaystyle 6,159

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