Please select a subject first
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Fill in the blank :
The intervening time between payment of two successive installments is called as ___________.
Concept: undefined >> undefined
Fill in the blank :
An annuity where payments continue forever is called __________.
Concept: undefined >> undefined
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Fill in the blank :
If payments of an annuity fall due at the beginning of every period, the series is called annuity __________.
Concept: undefined >> undefined
Fill in the blank :
If payments of an annuity fall due at the end of every period, the series is called annuity __________.
Concept: undefined >> undefined
State whether the following is True or False :
Payment of every annuity is called an installment.
Concept: undefined >> undefined
State whether the following is True or False:
Annuity certain begins on a fixed date and ends when an event happens.
Concept: undefined >> undefined
State whether the following is True or False :
Annuity contingent begins and ends on certain fixed dates.
Concept: undefined >> undefined
State whether the following is True or False :
The present value of an annuity is the sum of the present value of all installments.
Concept: undefined >> undefined
State whether the following is True or False :
The future value of an annuity is the accumulated values of all installments.
Concept: undefined >> undefined
State whether the following is True or False :
Sinking fund is set aside at the beginning of a business.
Concept: undefined >> undefined
Solve the following :
A shopkeeper insures his shop and godown valued at ₹5,00,000 and ₹10,00,000 respectively for 80 % of their values. If the rate of premium is 8 %, find the total annual premium.
Concept: undefined >> undefined
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]
Concept: undefined >> undefined
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]
Concept: undefined >> undefined
Solve the following :
Find the least number of years for which an annuity of ₹3,000 per annum must run in order that its amount exceeds ₹60,000 at 10% compounded annually. [(1.1)11 = 2.8531, (1.1)12 = 3.1384]
Concept: undefined >> undefined
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.
Concept: undefined >> undefined
Solve the following :
A person purchases a television by paying ₹20,000 in cash and promising to pay ₹1,000 at end of every month for the next 2 years. If money is worth 12% p. a. converted monthly, find the cash price of the television. [(1.01)–24 = 0.7875]
Concept: undefined >> undefined
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]
Concept: undefined >> undefined
Solve the following :
A man borrowed some money and paid back in 3 equal installments of ₹2,160 each. What amount did he borrow if the rate of interest was 20% per annum compounded annually? Also find the total interest charged. [(1.2)3 = 0.5787]
Concept: undefined >> undefined
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]
Concept: undefined >> undefined
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]
Concept: undefined >> undefined
