Annuities

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

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

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

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

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?

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?

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?

Gyeltshen has been raising a fund at 8% compounded annually, which will provide him with an annual income of Nu 60,000 for 15 years. The first payment has been made on his 60th birthday. If he wishes to reduce the number of payments to 10, what will be his annual income?