Which of the following are similarities between the sinking fund and the savings account?

(A) The sinking fund and the savings account are both financial tools.

(B) Both can be used in any emergency.

(C) They both involve setting aside an amount of money for the future.

(D) Both are long-term accounts which can be closed any time.

Choose the correct answer from the options given below:

The effective rate per annum equivalent to a nominal rate of 8% compounded semi-annually is

The amount should be deposited at the end of every 6 months to accumulate Rs.50,000 in 8 years if money is worth 6% p.a. compounded semiannually, is: [Given $(1.03)^{16} = 1.6047$]

A company has issued a bond having face value of ₹ 100,000, carrying an annual dividends at 8% and maturing in 12 years. If the prevailing market rate of interest is 9%, then annual dividend is

Which of the following statements are correct?

(A) A fund which is created to accumulate money over the years to discharge a future obligation is called a sinking fund.

(B) The amount or future value of perpetuity is well-defined.

(C) The sinking fund be used in any emergency.

(D) An equated monthly installment is a fixed payment made by a borrower to a lender at a specific date every month to clear off the loan.

Choose the correct answer from the options given below:

At 6% converted quarterly, the present value of a perpetuity of ₹ 900 payable at the end of each quarter is:

Ram wishes to purchase a house for ₹ 15,00,000 and made a down payment of ₹ 5,00,000. If he can amortize the balance at 9% per annum compounded monthly for 25 years, then his EMI is:

[Given $(1.0075)^{300} ≈ 9.41$]