A perpetual bond generates an annual return of ₹1,50,000 payable at the end by each year. The present value of this perpetuity if the money is worth 7% per annum will be

Which of the following is correct about the Sinking Fund?

Vatsala buys a car for Rs.7,00,000 and pays upfront Rs.2,50,000 through her credit card. The balance is to be paid in 5 years by equal monthly installments at an interest of 7% per annum as reducing balance. The EMI to be paid by Vatsala will be :- [given (1.0058)⁻⁶⁰=0.7068]

The annual depreciation of a car is ₹ 40,000. If the scrap value of the car after 15 years is ₹ 50,000, then the original cost of the car using linear method is

Match List-I with List-II

Choose the correct answer from the options given below:

Which of the following statements are correct?

(A) In the sinking fund a fixed amount at regular intervals is deposited.

(B) Sinking fund is a long-term account which can be closed any time.

(C) In a saving account, 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:

Ramesh plans to save some amount required after 10 years for higher studies of his son. He expects the cost of these studies to be Rs.1,00,000. How much should he save at the beginning of each year to accumulate this amount at the end of 10 years, if the interest rate is 12% compounded annually. (Given $(1.12)^{11}=3.477$)