a) i) If Amount of RM 1 per annum for 7 years @ 6.6 % is 2.6215, calculate the Annual Sinking Fund for 7 years @6.6%. ii) If Annual Sinking Fund for 5 years @ 5% is 0.1800, calculate the Years Purchased 5 years @ 5%.

a) i) If Amount of RM 1 per annum for 7 years @ 6.6 % is 2.6215, calculate the Annual Sinking Fund for 7 years @6.6%. ii) If Annual Sinking Fund for 5 years @ 5% is 0.1800, calculate the Years Purchased 5 years @ 5%.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter11: Capital Budgeting Decisions

Section: Chapter Questions

Problem 11EA: How much would you invest today in order to receive $30,000 in each of the following (for further...

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Question

Without using Parry's Valuation Tables, solve the following problems by showing suitable calculations.
a) i) If Amount of RM 1 per annum for 7 years @ 6.6 % is 2.6215, calculate the Annual Sinking Fund for 7
years @ 6.6%.
ii) If Annual Sinking Fund for 5 years @ 5% is 0.1800, calculate the Years Purchased 5 years @ 5%.

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