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If payments of an annuity fall due at the beginning of every period, the series is called annuity

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प्रश्न

If payments of an annuity fall due at the beginning of every period, the series is called annuity ______

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Annuity
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अध्याय 2.2: Insurance and Annuity - Q.3

संबंधित प्रश्न

Find the accumulated (future) value of annuity of ₹ 800 for 3 years at interest rate 8% compounded annually. [Given (1.08)3 = 1.2597]


A lady plans to save for her daughter’s marriage. She wishes to accumulate a sum of ₹ 4,64,100 at the end of 4 years. What amount should she invest every year if she gets an interest of 10% p.a. compounded annually? [Given (1.1)4 = 1.4641]


Find the rate of interest compounded annually if an annuity immediate at ₹20,000 per year amounts to ₹2,60,000 in 3 years.


Find the present value of an annuity due of ₹ 600 to be paid quarterly at 32% p.a. compounded quarterly. [Given (1.08)−4 = 0.7350]


Choose the correct alternative :

You get payments of ₹8,000 at the beginning of each year for five years at 6%, what is the value of this annuity?


Choose the correct alternative :

A retirement annuity is particularly attractive to someone who has


Fill in the blank :

The person who receives annuity is called __________.


Fill in the blank :

The payment of each single annuity is called __________.


Fill in the blank :

The intervening time between payment of two successive installments is called as ___________.


Fill in the blank :

If payments of an annuity fall due at the end of every period, the series is called annuity __________.


State whether the following is True or False :

The present value of an annuity is the sum of the present value of all installments.


State whether the following is True or False :

The future value of an annuity is the accumulated values of all installments.


State whether the following is True or False :

Sinking fund is set aside at the beginning of a business.


Solve the following :

Find the amount of an ordinary annuity if a payment of ₹500 is made at the end of every quarter for 5 years at the rate of 12% per annum compounded quarterly. [(1.03)20 = 1.8061]


Solve the following :

Find the amount a company should set aside at the end of every year if it wants to buy a machine expected to cost ₹1,00,000 at the end of 4 years and interest rate is 5% p. a. compounded annually. [(1.05)4 = 1.21550625]


Solve the following :

Find the rate of interest compounded annually if an ordinary annuity of ₹20,000 per year amounts to ₹41,000 in 2 years.


Solve the following :

Find the present value of an annuity immediate of ₹20,000 per annum for 3 years at 10% p.a. compounded annually. [(1.1)–3 = 0.7513]


Solve the following :

Find the future value after 2 years if an amount of ₹12,000 is invested at the end of every half year at 12% p. a. compounded half yearly. [(1.06)4 = 1.2625]


Solve the following :

Some machinery is expected to cost 25% more over its present cost of ₹6,96,000 after 20 years. The scrap value of the machinery will realize ₹1,50,000. What amount should be set aside at the end of every year at 5% p.a. compound interest for 20 years to replace the machinery? [Given (1.05)20= 2.653]


Multiple choice questions:

In an ordinary annuity, payments or receipts occur at ______


Multiple choice questions:  

In annuity calculations, the interest is usually taken as ______


Multiple choice questions:

If for an immediate annuity r = 10% p.a., P = ₹ 12,679.46 and A = ₹ 18,564, then the amount of each annuity paid is ______


Multiple choice questions:

The present value of an immediate annuity of ₹ 10,000 paid each quarter for four quarters at 16% p.a. compounded quarterly is ______


An annuity in which each payment is made at the end of period is called ______


The intervening time between payment of two successive installments is called as ______


A 35-year old person takes a policy for ₹ 1,00,000 for a period of 20 years. The rate of premium is ₹ 76 and the average rate of bonus is ₹ 7 per thousand p.a. If he dies after paying 10 annual premiums, what amount will his nominee receive?


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