A sinking fund is created for the redemption of debentures of $100,000/- at the end of 25 years. How much money should be provided out of profits each year for the sinking fund if the investment can earn interest @4% per annum?
A sinking fund is created for the redemption of debentures of $100,000/- at the end of 25 years. How much money should be provided out of profits each year for the sinking fund if the investment can earn interest @4% per annum?
