Which of the following is correct about the sinking fund?

A man takes a personal loan worth Rs.3,00,000 at an interest rate of 6% per annum compounded monthly to be repaid by equal monthly installments in 3 years, then the EMI using flat rate method will be:-

The fund created to accumulate money over the years to discharge a future obligation is known as:

Which of the following statements are correct about the compound annual growth rate (CAGR)?

(A) CAGR is calculated by using the final and beginning value of an investment.

(B) CAGR is compounded annual return of an investment.

(C) CAGR describes the effect of compounding.

(D) CAGR can be used to demonstrate and compare the performance of investment advisors.

Choose the correct answer from the options given below:

At what rate of interest will the present value of a perpetuity of ₹1000 payable at the end of every 6 months be ₹ 20,000?

Let $r_e$ denote the effective rate corresponding to the nominal rate r, compounded m times in a year. Let P be the principal and rate per conversion period is $i=\frac{r}{m}$, then effective rate of interest is:

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