1.Find the PV of an annuity consisting of 60 quarterly payments of Rs. 200, the first being made at the end of 4 years 9 months. Assume that the rate of interest is 12.3% p.a. compounded monthly. 2.Find the number of years for which an annuity due of Rs. 1,500 payable per annum accumulates to Rs. 30,000 at the effective rate of interest of 9.1% per annum. 3.How much should be deposited in a bank each year in order to accumulate Rs. 50,000 in 6 years, if the interest is calculated at a rate of 6% per annum compounded continuously? 4.A person buys a house for which he agrees to pay Rs. 5,00,000 now and Rs. 5,000 at the end of every month for 6 years. If the money is worth 8% compounded quarterly, what is the cash price of the house?
1.Find the PV of an
2.Find the number of years for which an annuity due of Rs. 1,500 payable per annum accumulates to Rs. 30,000 at the effective rate of interest of 9.1% per annum.
3.How much should be deposited in a bank each year in order to accumulate Rs. 50,000 in 6 years, if the interest is calculated at a rate of 6% per annum compounded continuously?
4.A person buys a house for which he agrees to pay Rs. 5,00,000 now and Rs. 5,000 at the end of every month for 6 years. If the money is worth 8% compounded quarterly, what is the cash price of the house?
Trending now
This is a popular solution!
Step by step
Solved in 4 steps
