Annuity(confusing Question) - NYSC - Nairaland
Nairaland Forum / Nairaland / General / NYSC / Annuity(confusing Question) (517 Views)
| Annuity(confusing Question) by sharpshooter: 8:41am On Jul 02, 2015 |
CAN SOMEBODY PLEASE ASSIST TO SOLVE THIS FINANACE...... NOT BY PLAY!! I WILL REALLY APPRECIATE OLEKU Ltd has just purchase a machine at a cost of 7.5m, the effective life of the machine is estimated to 5yr. A sinking is to be created for repalcing the machine by new model at the end of his life span.Machine price is assume to increase inline with inflation rate, the annual inflation rate assumed to 14%.Find the amount that should be set aside every yr at of profit for sinking funds.If it accummulate at 25% interest rate per annual. pls show working very important. |
| Re: Annuity(confusing Question) by sharpshooter: 9:27am On Jul 02, 2015 |
WAITING FOR RESPOND |
| Re: Annuity(confusing Question) by Nobody: 10:21am On Jul 02, 2015 |
I would take the depreciation rate as the inflation rate,to find the salvage value,then use the sinking method of depreciation to solve. |
| Re: Annuity(confusing Question) by sharpshooter: 11:11am On Jul 02, 2015 |
pls tell me more...how can apply that? |
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