August 2019
Intermediate to advanced
550 pages
22h 47m
English
receivable at the end of each year after allowing for a sinking fund at a given rate to replace the invested capital and ignoring the effect of income tax on that part of the income used to provide the annual sinking fund instalment.
Note:—The tables on the following pages are first grouped by rates of sinking fund interest and then placed in order of remunerative rates.
| No Income Tax | YEARS’ PURCHASE | Sinking Fund 2.5% | |||||||
| Rate Per Cent | |||||||||
| Yrs. | 4 | 4.5 | 5 | 5.5 | 6 | 6.25 | 6.5 | 6.75 | Yrs. |
| 1 | 0.9615 | 0.9569 | 0.9524 | 0.9479 | 0.9434 | 0.9412 | |||
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