A person brought 100 shares of 9% stock of face value Rs. 100, at a discount of 10%, then the stock purchased is _______.

(a)

Rs. 9000

(b)

Rs. 6000

(c)

Rs. 5000

(d)

Rs. 4000

The annual income on 500 shares of face value Rs.100 at 15% is _______.

(a)

Rs. 7,500

(b)

Rs. 5,000

(c)

Rs. 8,000

(d)

Rs. 8,500

If ‘a’ is the annual payment, ‘n’ is the number of periods and ‘i’ is compound interest for Rs. 1 then future amount of the annuity is  _______.

(a)

A = \(\frac{a}{i}(1+i)(1+i)^n-1]\)

(b)

A = \(\frac{a}{i}[(1+i)^n-1]\)

(c)

P = \(\frac{a}{i}\)

(d)

P = \(\frac{a}{i}(1+i)[1-(1+i)^{-n}]\)

An annuity in which payments are made at the beginning of each payment period is called _______.

(a)

Annuity due

(b)

An immediate annuity

(c)

perpetual annuity

(d)

none of these

Example of contingent annuity is _______.

(a)

Installments of payment for a plot of land

(b)

An endowment fund to give scholarships to a student

(c)

Personal loan from a bank

(d)

All the above