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Answer to Question #295630 in Math for abhii
Question #295630
A sinking fund is created for redemption of debentures of Rs. 2,00,000 at the
end of 10 years. Contributions to the fund are to be made at the end of each quarter.
Find the amount of each quarterly deposit if rate of interest is 9% p.a. compounded
quarterly.
Expert's answer
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