The present value of a sequence of payments of Rs. 2000 made at the end of every 6 months and continuing forever, if money is worth 8% per annum compounded semi-annually, is:

Mr. X wishes to purchase a flat for Rs. 44,60,800 with a down payment of Rs 10,00,000 and balance in equal monthly installments (EMI) for 20 years. If bank charges 7.5% per annum compounded monthly, then the EMI is:

[Given that $(1.00625)^{240} \approx 4.4608$]

At what rate of interest will the present value of a perpetuity of ₹10000 payable at the end of every six months be ₹200,000?

Jyotsna buys a car for which she makes a down payment of ₹3,50,000 and the balance is to be paid in 3 years by monthly installments of ₹34,000 each. If the financer charges interest at the rate of 12% per annum and uses flat rate method, then the original price of the car is :

Which of the following are correct?

(A) Sinking fund is a fixed term account.

(B) Sinking fund is set-up for a particular upcoming expense.

(C) In sinking fund any amount, any time can be deposited.

(D) Sinking fund can be used only for the purpose it was created.

Choose the correct answer from the options given below:

Mr. Jayesh plans to save amount for higher studies of his daughter, required after 10 years. How much amount should he save at the beginning of each year to accumulate Rs.1,00,000 at the end of 10 years. If rate of interest is 12% compounded annually? [Given $(1.12)^{11} = 3.5$]

The amount to which ₹ 5000 will accumulate at the effective rate of 4% for 4 years and 5% for 2 years is