A limited company intends to create a depreciation fund to replace at the end of his 25th year assets costing $100,000. Calculate the amount to be retained out of profits every year if the interest rate is 3%.
A limited company intends to create a depreciation fund to replace at the end of his 25th year assets costing $100,000. Calculate the amount to be retained out of profits every year if the interest rate is 3%.
