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Rahman a student of Stamford University would like to buy a motorbike. For fulfilling his dream, he deposits 4000 at the beginning of each year
- Rahman a student of Stamford University would like to buy a motorbike. For fulfilling his dream, he deposits 4000 at the beginning of each year out of his daily receive from his parents. For Rahman, If the interest rate is 10% then how much will it be after 10 years. If someone make a deposit of Tk 6000 at the beginning of each year at the interest rate of 9%. After 5 years what will be the accumulated amount he will receive
- 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. From an insurance company of Mr. Hakim 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?
- 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. For Mr. Basher, What is the present value of Tk. 4000 receiving at the beginning of each year for 7 years at a 10% interest rate?
- A Company has decided to set up a sinking fund to replace an asset after 5 years. The value of the fund after 5 years must be Tk. 1,00,000 and the fund is expected to earn interest at the rate of 7% per annum. i) What must be the annual payment into the fund if the payment makes at the end of each year?
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