HSC Commerce: Marketing and Salesmanship १२ वीं कक्षा - Maharashtra State Board Question Bank Solutions for Mathematics and Statistics

In an ordinary annuity, payments or receipts occur at ______. 

Choose the correct alternative :

Rental payment for an apartment is an example of

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

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A retirement annuity is particularly attractive to someone who has

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The person who receives annuity is called __________.

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The payment of each single annuity is called __________.

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

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An annuity where payments continue forever is called __________.

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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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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 :

Payment of every annuity is called an installment.

State whether the following is True or False:

Annuity certain begins on a fixed date and ends when an event happens.

State whether the following is True or False :

Annuity contingent begins and ends on certain fixed dates.

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 :

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.

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 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]