Advertisements
Advertisements
प्रश्न
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]
Advertisements
उत्तर
Given a = ₹ 500, i = 0.07, n = 7
P = `"a"/"i" [(1 + "i")^"n" - 1]`
= `500/0.07 [(1 + 0.07)^7 - 1]`
= `500/0.07 [(1.07)^7 - 1]`
= 7142.85 [1.6058 − 1]
= 7143 (6.6058)
= ₹ 4,327
APPEARS IN
संबंधित प्रश्न
Find the amount of an ordinary annuity of ₹ 3,200 per annum for 12 years at the rate of interest of 10% per year. [(1.1)12 = 3.1384]
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]
Find the present value of ₹ 2,000 per annum for 14 years at the rate of interest of 10% per annum. If the payments are made at the end of each payment period. [(1.1)–14 = 0.2632]
Find the present value of an annuity of ₹ 900 payable at the end of 6th month for 6 years. The money compounded at 8% per annum. [(1.04)–12 = 0.6252]
What is the present value of an annuity due of ₹ 1,500 for 16 years at 8% per annum? What is the present value of an annuity due of ₹ 1,500 for 16 years at 8% per annum? [(1.08)16 = 3.172]
₹ 5000 is paid as perpetual annuity every year and the rate of C.I. 10%. Then present value P of immediate annuity is __________.
If ‘a’ is the annual payment, ‘n’ is the number of periods and ‘i’ is compound interest for ₹ 1 then future amount of the ordinary annuity is
The present value of the perpetual annuity of ₹ 2000 paid monthly at 10% compound interest is ___________.
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.
