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₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is __________.

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प्रश्न

₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is __________.

पर्याय

  • ₹ 60,000

  • ₹ 50,000

  • ₹ 10,000

  • ₹ 80,000

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उत्तर

₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is ₹ 50,000.

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पाठ 7: Financial Mathematics - Exercise 7.3 [पृष्ठ १७२]

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सामाचीर कलवी Business Mathematics and Statistics [English] Class 11 TN Board
पाठ 7 Financial Mathematics
Exercise 7.3 | Q 10 | पृष्ठ १७२

संबंधित प्रश्‍न

If the payment of ₹ 2,000 is made at the end of every quarter for 10 years at the rate of 8% per year, then find the amount of annuity. [(1.02)40 = 2.2080]


A bank pays 8% per annum interest compounded quarterly. Find the equal deposits to be made at the end of each quarter for 10 years to have ₹ 30,200? [(1.02)40 = 2.2080]


A person deposits ₹ 2,000 at the end of every month from his salary towards his contributory pension scheme. The same amount is credited by his employer also. If 8% rate of compound interest is paid, then find the maturity amount at end of 20 years of service. [(1.0067)240 = 4.9661]


Find the amount at the end of 12 years of an annuity of ₹ 5,000 payable at the beginning of each year, if the money is compounded at 10% per annum. [(1.1)12 = 3.1384]


An annuity in which payments are made at the beginning of each payment period is called ___________.


Example of contingent annuity is ___________.


An equipment is purchased on an installment basis such that ₹ 5000 on the signing of the contract and four-yearly installments of ₹ 3000 each payable at the end of first, second, third and the fourth year. If the interest is charged at 5% p.a find the cash down price. [(1.05)–4 = 0.8227]


Find the amount of an ordinary annuity of ₹ 500 payable at the end of each year for 7 years at 7% per year compounded annually. [(1.07)7 = 1.6058]


Find the amount of an annuity of ₹ 2000 payable at the end of every month for 5 years if money is worth 6% per annum compounded monthly. [(1.005)60 = 1.3489]


A cash prize of ₹ 1,500 is given to the student standing first in examination of Business Mathematics by a person every year. Find out the sum that the person has to deposit to meet this expense. Rate of interest is 12% p.a.


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