The Repayment of Local And Other Loans Sinking Funds
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{1) Ascertain from the actual records the amount standing to the credit of the fund at the time flic adjustment is required to he mdde. Table XXIX D.
356 REPAYMENT OF LOCAL AND OTHER LOANvS (2) Calculate the amourit of loan which will he lyrovidcd at the end of the unexinred repayment fjeriod hy the accumuJation of this amount noiv in the fund at the future rate of accumulation.
Standard Calculation Form, No. 1.
{3) Deduct the amount so found, as in (2), front the amount of the original loan.
{...4) The remainder ivill represent the balance of loan to be provided by the accumulation at the future rate of the required amended equal annual instalment to he added, to the fund during the unexpired repayment period in substitution for the annual instalment, as originally set aside.
(5) Calculate the annual instalment so required.
Standard Calculation Form, No. 3x.
(6) Prepare a statement shoiving the fnal repayment of the loan by the operation of the sinMng fund under the amended conditions .
What to read after The Repayment of Local And Other Loans Sinking Funds?
You can find similar books in the "Read Also" column, or choose other free books by Edward Hartley Turner to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
{1) Ascertain from the actual records the amount standing to the credit of the fund at the time flic adjustment is required to he mdde. Table XXIX D.
356 REPAYMENT OF LOCAL AND OTHER LOANvS (2) Calculate the amourit of loan which will he lyrovidcd at the end of the unexinred repayment fjeriod hy the accumuJation of this amount noiv in the fund at the future rate of accumulation.
Standard Calculation Form, No. 1.
{3) Deduct the amount so found, as in (2), front the amount of the original loan.
{...4) The remainder ivill represent the balance of loan to be provided by the accumulation at the future rate of the required amended equal annual instalment to he added, to the fund during the unexpired repayment period in substitution for the annual instalment, as originally set aside.
(5) Calculate the annual instalment so required.
Standard Calculation Form, No. 3x.
(6) Prepare a statement shoiving the fnal repayment of the loan by the operation of the sinMng fund under the amended conditions .
What to read after The Repayment of Local And Other Loans Sinking Funds?
You can find similar books in the "Read Also" column, or choose other free books by Edward Hartley Turner to read onlineMoreLess
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