Quarterly in Advance: Years’ Purchase (Dual Rate % Principle) or Present Value of One Pound Per Annum
receivable quarterly in advance, 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.
AT RATES OF INTEREST*FROM4 % to 20%ANDALLOWING FOR THE INVESTMENTOF SINKING FUNDS AT3 % and 4 %
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