Tag: business mathematics and statistics
Questions Related to business mathematics and statistics
An annuity which continues forever(infinite number of years) is called.
Present value of annuity, $(V)$, can be found by
Annuity where payments are made at the end of each payment period, i.e. 1st payment is made at the end of the 1st payment interval, and so on, is known as
A house is sold for $ Rs \ 30,000$ cash or $ Rs\ 17, 500$ cash down payment and instalments of $ Rs \ 1, 600$ per month for eight months. Determine the approximate rate of interest for instalment.
Find the present value of an ordinary annuity of $8$ quarterly payments of Rs. $500$ each, the rate of interest being $8\%$ p.a. compounded quarterly.
A man borrowed some money and returned it in $3$ equal quarterly installments of Rs. $4630.50$ each. What sum did he borrow if the rate of interest was $20\%$ p.a. compounded quarterly?
Find the Amount of an ordinary annuity of $8$ quarterly payments of Rs. $500$ each, the rate of interest being $8\%$ p.a. compounded quarterly.
The present value of an amount ____ its future value.
A man borrows Rs $37500$ and agrees to repay in semi-annual installments of Rs $2250$ each, the first due in $6$ months. How many payments must he make if rate of interest is $6\%$ compounded semi-annually?
Find the Present value of an annuity due of Rs $500$ per quarter for $8$ years and $9$ months at $6\%$ compounded quarterly.