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Annuities

Authored by Pema Wangchuk

Mathematics

University

CCSS covered

Used 1+ times

Annuities
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8 questions

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1.

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1 min • 1 pt

If the present value of an annual perpetuity of Nu 30,000 is Nu 150,000, the rate of interest is

2.

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1 min • 1 pt

Dawa Tashi, a civil servant, retires at the age of 58 years. The National Pension and Provident Fund (NPPF) gives him a pension of Nu 14,000 monthly for the rest of his life. Instead of receiving his pension on a monthly basis, he wants to claim his pension in a single sum. Reckoning his expected age to be 75 years and the rate of interest at 9% p.a. payable monthly, determine the single sum received by him

Tags

CCSS.HSF.BF.A.2

3.

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1 min • 1 pt

The amount of annuity immediate of Nu 1500 per annum for 10 years with the interest rate of 5% p.a. is

4.

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1 min • 1 pt

f the value and annual rent of perpetuity are Nu 120,000 and Nu 10,500 respectively, then the rate of compound interest will be

Tags

CCSS.8.EE.C.7B

5.

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1 min • 1 pt

A man buys a car worth Nu 850,000. He agrees to pay Nu 350,000 immediately and the balance amount in 60 equal monthly installments with 12% p.a. compounded monthly. What is the amount of the monthly installments?

6.

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1 min • 1 pt

Mr. Tashi takes a loan of Nu 500,000 from T-Bank on the condition to repay it with a compound interest rate of 9% p.a. with a monthly installment of Nu 10,300. In how many installments will the debt be repaid?

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Chencho starts a recurring deposit at the Bank of Bhutan Limited to avail Nu 25000 at the end of 2 years. If the bank pays interest at the rate of 12% per annum compounded monthly, how much amount Chencho must deposit at the beginning of every month?

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