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Answered on 30/01/2018 Learn Annuities +2 Mathematics Class IX-X Tuition

What are the payments on a Rs. 40,000 loan repaid monthly for six year (r = 7%)?

Sujoy D.

Tutor

SI= PRT/100 =40,000*7*72/1200. By Solving It. 16,800 RS. Amount = Si + Principal =16800+40000 = Rs. 56,800.
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Answered on 06/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

Suppose that I am trying to borrow money from you to finance my business, and I promise to repay you... read more
Suppose that I am trying to borrow money from you to finance my business, and I promise to repay you Rs. 1,000 quarterly for two years. If your opportunity cost of funds is 10%, how much are you willing to lend me? read less

Anurag Singh

Tutor

Rs. 1200.
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Answered on 21/11/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

What is the value a perpetuity of $400 per year (r = 14.9%)?

Kumar P.

$ 459.60
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Answered on 07/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

If you plan to save Rs. 300 annually for 10 years and the discount rate is 15%, what is the future value?

Shambhavi S.

Formula to be used is:- Present Value=Future Value/((1+r)^n), where r is discount rate and n in number of years. So, Future value= 300 *((1+0.15)^10)+300 *((1+0.15)^9)+300 *((1+0.15)^8)+....+300 *((1+0.15)^1).
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Answered on 01/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

If you want to buy a boat in 6 years that costs Rs. 1,000 and you can save Rs. 150 per year, what interest... read more
If you want to buy a boat in 6 years that costs Rs. 1,000 and you can save Rs. 150 per year, what interest rate would you need? read less

Khushbu

I have 1 year of experience in this field

15%
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Answered on 12/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

If 6 years ago you invested Rs. 500 and received an interest rate of 4% (compounded monthly), how much... read more
If 6 years ago you invested Rs. 500 and received an interest rate of 4% (compounded monthly), how much would you now have? read less

Veera Krishna

Trainer

Rate = 4%= 0.04 Amount = 500 since compounded monthly = no of years x 12=6 x 12 = 72 total amount = 500 x(1+0.04)^72 Rs. 8421.131.
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Answered on 09/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

How many years would it take you to have Rs. 2,500 if you saved Rs. 100 each month at 15%?

Ankit

JEE/Board Maths Tutor

Principle for a month=Rs.100 Amount=SI+P= P(1+RT/100)=100(1+0.15T) =>2500=100(1+0.15T) =>25=1+0.15T =>24=0.15T =>T=160 months=13.3 yrs
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Answered on 29/11/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

To have Rs. 6000 in 7 years what interest rate would you need if you saved $200 every quarter?

Jitender Saini

Physics Expert

1 Dollar = 68.67, Now amount of one year = 200*4*68.67= Rs. 54936, You have interest= 6000, Time =7 yr, Now rate = 6000*100/54936*7= 1.5603 ans.
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Answered on 09/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

The type of house you would like to buy requires a down-payment of Rs. 50,000. You plan to make that... read more
The type of house you would like to buy requires a down-payment of Rs. 50,000. You plan to make that downpayment six years from now. How much do you need to save per week (beginning next week), if your money gets 7% (annually)? read less

Ankit

JEE/Board Maths Tutor

try
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Answered on 09/12/2016 Learn Annuities +2 Mathematics Class IX-X Tuition

If a perpetuity is worth Rs 1,000 and r = 15.5%, what is the cash flow?

Ankit

JEE/Board Maths Tutor

1000/.155 = Rs. 6451.61.
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