Which of the following are true about sinking fund?

(A) Sinking fund is a fixed term account.

(B) A fixed amount is deposited at pre defined regular intervals.

(C) Sinking fund can be used in any emergency.

(D) It is setup for a particular upcoming expense.

Choose the correct answer from the options given below:

Chintan has borrowed ₹ 5,00,000 from a bank to purchase a car and decided to repay the loan in equal monthly installments in 10 years. If bank charges interest at 6% per annum compounded monthly, the EMI on reducing balance method will be : (Given $(1.005)^{120} = 1.82$)

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

A bike costs ₹85,000 and has a useful life of 15 years. If the scrap value of the bike after 15 years is ₹10,000, then the book value of the bike at the end of the tenth year is

The present value of a perpetuity of ₹5,000 payable at the beginning of each year, if the money is worth 8% effective is

If the money is worth 8% per annum compounded semi-annually, then the present value of a sequence of payments of ₹1,000 made at the end of every 6 months and continuing forever, is:

A bond is not characterized by which of the following terms?

(A) Face value

(B) Coupon rate

(C) Redemption price

(D) Equated monthly installment.

Choose the correct answer from the options given below: