Find the present value of an annuity of Rs. 2000 paid at the end of each year for 4 years if the interest rate is 6% compounded annually. What is the present value of an annuity if the size of each payment is Rs. 200 payable at the end of each quarter for 8 years at an interest rate of 8% compounded quarterly. Mrs. Jamila purchased a sewing machine and made a down payment of Rs.1000. She agreed to pay Rs. 60 per month thereafter for one year. If the interest was 7% compounded monthly, what was the cash price of the machine