Mathematics for FinanceMTP Sep 24Question 1543 of 422
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A company establishes a sinking fund to provide for the payment of $2,00,000$ debt maturing in $20$ 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 $8\%$ per annum

Options

A$6,142$
B$6,049$
C$6,052$
D$6,159$
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Correct Answer

Option b$6,049$

All Options:

  • A$6,142$
  • B$6,049$
  • C$6,052$
  • D$6,159$

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