John recently purchased a house for Rs 10 lakhs with a down payment of 20% & financed the remaining amount over 15 yrs @ 11.5%. How much interest will be paid over the tenure of the loan assuming He pays the interest as agreed? (loan repayment if monthly).
800000
882192
16821272
None
An investment of Rs.5000 in a deep discount bond will return Rs. 1,00,000 in 20 years. Find the interest rate implicit in the offer?
16.72%
15.23%
17.12%
16.16%
A machine is to be replaced after 5 years, when it is expected to cost Rs. 10,00,000. How much equal sum should be set aside and invested, at the end of each year at 12% p.a. to accumulate the desired sum?
Rs. 1,62,416
Rs. 1,57,410
Rs.1,75,115
Rs.1,53,429
Which of the following statements is true?
Frequency of compounding has no effect on rate of interest.
An annuity is a series of cash flows of variable amount.
The nominal rate of interest is equal to or more than the effective rate of interest.
Cash flows occurring in different time periods cannot be compared unless they are discounted to a common date.
You invest Rs. 1500 at the end of year one and Rs. 2000 at the end of second year and Rs. 5000 each year from third to tenth. Find the present value of stream at discount rate of 10%?
Rs. 25,062
Rs. 24,712
Rs. 26,502
Rs. 24,242
You are going to withdraw $5,000 at the end of each year for the next four years from an account that pays interest at a rate of 9% compounded annually. How much must there be in the account today in order for the account to reduce to a balance of zero after the last withdrawal?
20000.00
18602.29
16198.60
14793.83
19713.75
Vinita was recently divorced and has two children. The divorce decree requires that she pay 1/3 of the college tuition cost for her children. The tuition cost is currently Rs. 15,000 per year and has been increasing at 7% per year. Her son and daughter are 12 and 16 respectively and will attend college for four years beginning at age 18. How much should she save each month, beginning today for the next five years to finance education for both the children (in nearest rupee)? Assume that her after-tax rate of return will be 9% and that general inflation has been 4% p.a.
Rs 759
Rs 745
Rs 751
Rs 765
Rs 859
Mohan invested a sum for 5 years @ 8% p.a where it was compounded annually for the first 4 years and quarterly for the last 1 year. He received Rs. 85,000 on maturity. What was the amount he had initially invested?
Rs 57720
Rs 87678
Rs 78527
Rs 61253
Rs 57203
Brijesh, age 48, plans to retire at 65 and wants to be debt free at retirement. The balance sheet mortgage is Rs. 114042 at the end of the 10th year of a 30 year loan. The monthly payment was Rs. 953.89. What was the original balance of the loan if the interest rate was 8%? (Select closest answer)
Rs 140000
Rs 125000
Rs 130000
Rs 120000
Rs 150000
Gary received an inheritance of Rs. 2 Lakh. He wants to withdraw equal periodic payments at the beginning of each month for 5 years starting after 5 years. He expects to earn 12% annual interest, compounded monthly on his investments. How much can he receive each month?
Rs 8002.26
Rs 7763.84
Rs 8976.50
Rs 7840.89
Rs 8082.28