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Multiple choice questions: Rental payment for an apartment is an example of ______

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प्रश्न

Multiple choice questions:

Rental payment for an apartment is an example of ______

विकल्प

  • Annuity due

  • Perpetuity

  • Ordinary annuity

  • Installment

MCQ
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उत्तर

Perpetuity

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Annuity
  क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
अध्याय 2.2: Insurance and Annuity - Q.1

संबंधित प्रश्न

Find the amount accumulated after 2 years if a sum of ₹ 24,000 is invested every six months at 12% p.a. compounded half yearly. [Given (1.06)4 = 1.2625]


Find accumulated value after 1 year of an annuity immediate in which ₹ 10,000 is invested every quarter at 16% p.a. compounded quarterly. [Given (1.04)4 = 1.1699]


Find the present value of an annuity immediate of ₹36,000 p.a. for 3 years at 9% p.a. compounded annually. [Given (1.09)−3 = 0.7722]


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]


A person plans to put ₹400 at the beginning of each year for 2 years in a deposit that gives interest at 2% p.a. compounded annually. Find the amount that will be accumulated at the end of 2 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]


An annuity immediate is to be paid for some years at 12% p.a. The present value of the annuity is ₹ 10,000 and the accumulated value is ₹ 20,000. Find the amount of each annuity payment


A person sets up a sinking fund in order to have ₹ 1,00,000 after 10 years. What amount should be deposited bi-annually in the account that pays him 5% p.a. compounded semi-annually? [Given (1.025)20 = 1.675]


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 :

Amount of money today which is equal to series of payments in future is called


______ is a series of constant cash flows over a limited period of time.


Choose the correct alternative :

A retirement annuity is particularly attractive to someone who has


Fill in the blank :

An annuity where payments continue forever is called __________.


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.


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 :

A company decides to set aside a certain amount at the end of every year to create a sinking fund that should amount to ₹9,28,200 in 4 years at 10% p.a. Find the amount to be set aside every year. [(1.1)4 = 1.4641]


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]


Multiple choice questions:

In an ordinary annuity, payments or receipts occur at ______


State whether the following statement is True or False:

The relation between accumulated value ‘A’ and present value ‘P’ is A = P(1+ i)n 


State whether the following statement is True or False:

The future value of an annuity is the accumulated values of all instalments


In ordinary annuity, payments or receipts occur at ______


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 ______


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


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


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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