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An annuity is a series of equal payments occuring at equal time intervals, and this amount includes the sum of all payments plus interest, if allowed to accumulate at a definite rate of interest from the time of initial payment to the end of annuity term. Ordinary annuity is used in the calculation of the
The net present value in Rs. of a 3 year annuity of Rs. 10,000 discounted at 10% is
In a joint life annuity, what would happen to annuity payment if the spouse is to predecease the annuitant?
On which of the following does amount of annuity payable depend?
1. Principal sum of money
2. Investment period
3. Rate of return
4. Duration of annuity payments
Under Deferred annuity, the time period between its purchase and start of annuity payments is called–
Water is continuously supplied from a reservoir to a locality at the steady rate of 10000 liters per hours. When delivery exceeds demand the excess water is stored in a tank. If the demand for 8 consecutive three hour periods is 10000, 10000, 45000, 25000, 40000, 15000, 60000 and 35000 liters respectively, what will be the minimum capacity required of the water tank (in thousand liters)to meet the demand and avoid any wastage?
__________cost refers to the product’s purchase cost plus the discounted cost of maintenance and repair less the discounted salvage value.
The price of a certain DVD is discounted by 10% and the reduced price is then discounted by 10%. This series of successive discounts is equivalent to a single discount of
An amount is first discounted by 20% and then discounted again by 12.5%. What is the single discount in %?
The price of a DVD Player is discounted by 10 percent, and the reduced price is then discounted again by 10 percent. The series of successive discounts is equivalent to a single discount of ----