Question
Please note: Kindly solve the following questions as soon as possible. Thank you in advance for your cooperation. Present value of an annuity (Ordinary): 8.
Please note: Kindly solve the following questions as soon as possible. Thank you in advance for your cooperation.
Present value of an annuity (Ordinary):
8. From an insurance company you would like to receive Tk 5000 at the end of each year for 4 years. How much money you have to deposit now at 12% interest rate for receiving such amount?
9. Mr. Hakim retires from his job and receives a lump sum amount from his employer. He wants to receive Tk. 100,000 at the end of each year for the next 10 years. If the interest rate is 5% then how much he has to deposit for receiving such series of cash inflows.
Present value of an annuity (Due):
10. What is the present value of Tk. 4000 receiving at the beginning of each year for 7 years at a 10% interest rate?
11. Mr. Basher receives some money from his friend. He committed to repay the money at the beginning of each year for 10 years by Tk. 6000. If he makes a payment in this way total principle and interest will be repaid. If the interest rate is 6% then how much money he takes from his friend?
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