Quarterly in Advance: Years’ Purchase (Single Rate % Principle) or Present Value of One Pound Per Annum
receivable quarterly in advance, allowing for a sinking fund to accumulate at the same rate of interest as that which is required on the in vested capital and ignoring the effect of income tax on that part of the income used to provide the annual sinking fund instalment.
AT RATES OF INTEREST*FROM2 % to 28 %
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