A fund accumulated by periodic deposits and reserved exclusively for a specific purpose, such as retirement of a debt

Related MCQs

• A fund accumulated by periodic deposits and reserved exclusively for a specific purpose, such as retirement of a debt
• A fund accumulated by periodic deposits and reserved exclusively for a specific purpose, such as retirement of a debt
• A fund created by making periodic deposits (usually equal) at compound interest in order to accumulate a given sum at a given future time for some specific purpose is sinking fund
• A fund created by making periodic deposits (usually equal) at compound interest in order to accumulate a given sum at a given future time for some specific purpose is sinking fund
• A fund created by making periodic deposits (usually equal) at compound interest in order to accumulate a given sum at a given future time for some specific purpose is sinking fund
• the practice of charging an interest rate to an initial sum and to any previously accumulated interest that has not been withdrawn.
• the practice of charging an interest rate to an initial sum and to any previously accumulated interest that has not been withdrawn.
• Initial amount of money in transactions involving debt or investments is called the principal (P).
• Initial amount of money in transactions involving debt or investments is called                  
• Initial amount of money in transactions involving debt or investments is called the principal (P).