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The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is?
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The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is...
Calculation of Annuity Certain
Given:
- Amount of Annuity: Rs. 150
- Duration: 12 years
- Interest Rate: 3.5% p.a (compounded annually)
Formula:
The formula to calculate the Annuity Certain is:
Annuity Certain = (R x (1 - (1+i)^-n))/i
Where R is the amount of annuity, i is the interest rate and n is the duration of the annuity.
Calculation:
Substituting the given values in the formula, we get:
Annuity Certain = (150 x (1 - (1+0.035)^-12))/0.035
Annuity Certain = Rs. 1,532.98
Interpretation:
Therefore, the Annuity Certain of Rs. 150 for 12 years at 3.5% p.a compounded annually is Rs. 1,532.98. This means that the investor will receive a total of Rs. 1,532.98 over the course of 12 years, with each payment being Rs. 150.
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The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is?
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The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is?.
The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for The amount of annuity certain of rs 150 for 12 years at 3.5%p.a c.i is?.
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