1. 2. Mr Narayan invests Rs 10,000 at the end of each year in a mutual fund Systematic Investment Plan (SIP). He expects 14% return each year. What will be the accumulated value of his investment at the end of 10 years? Mrs Thakur takes a housing loan of Rs 50 lacs at 8% p.a. interest rate. Calculate the amount of the instalment if she has to pay back the loan in : a) annual, b) semi- annual, c) quarterly instalments over 5 years. LiveWel Cooperative Housing Society has estimated that they will need Rs 10 lacs for major repairs in the Society at the end of 3 years. Their bank is offering interest rate of 8% p.a. on Recurring Deposit, compounded semi- annually. What is the amount of each semi-annual deposit that the Society should make, to accumulate the required amount? 3. Marco Engg. Co purchases a machine costing Rs 8 lacs, by making a down payment of Rs 1.5 lacs, plus six annual instalments of Rs 1.5 lacs each. What is the rate of interest? Sigma Superstore is offering a 55-inch UHDTV at a price of Rs 80,000. In case you want an instalment plan, they have a tie-up with a NBFC whereby you pay 12 EMls of Rs 7,500 each. What is the interest rate being charged? At his retirement, Mr Roy has accumulated a corpus of Rs 1.5 cr incl his savings, PF, PPF, gratuity etc. He has an offer from an insurance co to invest this corpus, against which they will pay him an annuity for 20 years. Assume Interest rate is 8% p.a. What is the amount of annuity Mr Roy will receive each year? 6