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महाराष्ट्र राज्य शिक्षण मंडळएचएससी वाणिज्य (इंग्रजी माध्यम) इयत्ता १२ वी

Multiple choice questions: The present value of an immediate annuity of ₹ 10,000 paid each quarter for four quarters at 16% p.a. compounded quarterly is ______ - Mathematics and Statistics

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प्रश्न

Multiple choice questions:

The present value of an immediate annuity of ₹ 10,000 paid each quarter for four quarters at 16% p.a. compounded quarterly is ______

पर्याय

  • 40,000

  • 36,300

  • 36,286.75

  • 36289.25

MCQ
रिकाम्या जागा भरा
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उत्तर

36,300

shaalaa.com
Annuity
  या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
पाठ 2.2: Insurance and Annuity - Q.1

संबंधित प्रश्‍न

Find the accumulated (future) value of annuity of ₹ 800 for 3 years at interest rate 8% compounded annually. [Given (1.08)3 = 1.2597]


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]


Find the rate of interest compounded annually if an annuity immediate at ₹20,000 per year amounts to ₹2,60,000 in 3 years.


Find the number of years for which an annuity of ₹500 is paid at the end of every year, if the accumulated amount works out to be ₹1,655 when interest is compounded annually at 10% p.a.


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


Choose the correct alternative :

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


Fill in the blank :

The person who receives annuity is called __________.


Fill in the blank :

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


Fill in the blank :

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 :

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.


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 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 :

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]


Solve the following :

After how many years would an annuity due of ₹3,000 p.a. accumulated ₹19,324.80 at 20% p. a. compounded yearly? [Given (1.2)4 = 2.0736]


Multiple choice questions:

Rental payment for an apartment is an example of ______


Multiple choice questions:

In an ordinary annuity, payments or receipts occur at ______


Multiple choice questions:  

In annuity calculations, the interest is usually taken as ______


Multiple choice questions:

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 ______


State whether the following statement is True or False:

Annuity contingent begins and ends on certain fixed dates


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 ______


For an annuity due, C = ₹ 2000, rate = 16% p.a. compounded quarterly for 1 year

∴ Rate of interest per quarter = `square/4` = 4

⇒ r = 4%

⇒ i = `square/100 = 4/100` = 0.04

n = Number of quarters

= 4 × 1

= `square`

⇒ P' = `(C(1 + i))/i [1 - (1 + i)^-n]`

⇒ P' = `(square(1 + square))/0.04 [1 - (square + 0.04)^-square]`

= `(2000(square))/square [1 - (square)^-4]`

= 50,000`(square)`[1 – 0.8548]

= ₹ 7,550.40


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