Years’ Purchase (Dual Rate % Principle) or Present Value of One Pound Per Annum
receivable at the end of each year after allowing for a sinking fund at a given rate to replace the invested capital and for the effect of income tax at 40% on that part of the income used to provide the annual sinking fund instalment.
AT RATES OF INTEREST FROM4% to 20%ANDALLOWING FOR THE POSSIBLE INVESTMENT OF SINKING FUNDS AT2·5%, 3% and 4%INCOME TAX at 40%
Note:
Note:—Tables of Years’ Purchase ...
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