pv 0 ₹ 2,624.

32
fv ₹ 3,439.94 0
r 7% 7%
n 3 3
pmt 1000 1000

Q1 you need 15 lakhs to go on a world tour in 3 years . How much should you deposit every month in a saving account
that pays 9% per year ,compounded monthly

Ans yearly monthly

pv 0 0
fv 1,500,000 1,500,000
r 9% 0.0075
n 3 36
pmt ?? ??
₹ 36,449.60

Q3
Suppose you deposit 30,000 at the end of each month into deposit acccount for 5 years. How much will you havae
? If no additional deposit are made after the last contribution,and the amount is allowed to grow for another 10 yea

yearly monthly
Ans fv ?? ??
r 6% 0.005
n 5 60 this is for 5 years only
pmt 30,000 30,000
₹ -2,093,100.92

now we calculate for the next 10 years

pv ₹ -2,093,100.92
fv ??
r 6%
n 10
pmt 0

₹ 3,748,424.95
Q2 you make a investment of 1000 and it pays you 1191 three years from now .what annual rate of return are you earn

ans
fv 1191
pv -1000
r ??
n 3
pmt 0 6%

Q4 ravi plans to buy a new car worth 8 lakhs .he is willing to make a down payment of 1.5 lakhs and wants union bank
The automobile rates prevailing is 9%.Ravi will pay the EMI for the next 3 years.calculate the EMI

ans yearly monthly

pv 650,000 650,000
fv 0 0
r 9% 0.0075
n 3 36
pmt ?? ??
end of period begning of the period
₹ -20,669.83 ₹ -20,515.96

Q5 A individual who is 30 years old ,plans to retire when he reaches 60. he wants to begin a pension account and make
After he retires,he wants a monthly pension of 1,20,000 for next 20 years .currently the investment account can ge
received at the end of the month .calculate the monthly contribution that he is required to make ,if he can invest th

ans

At the age of 60 - 80
after the retire ment
20 years

at the age age of 30-60

30 years
 amount should be fixed
time intervel is fixed

sit every month in a saving account

r 5 years. How much will you havae in the acccount if the rate of interest is 6%
s allowed to grow for another 10 years ,at the same rate of return,what is ending value of the account
at annual rate of return are you earning

of 1.5 lakhs and wants union bank of india to finance the purchase .
calculate the EMI

800,000 150,000

o begin a pension account and make periodic contribution every month till the time he is employed
ntly the investment account can generate a return of 8%.Assume the pension payment are to be
required to make ,if he can invest the money at the end of every month

pv
fv 0
r 8% 0.0066666666667
n 20 240
pmt 120,000

₹ -14,346,515.00

pv 0 0
fv ₹ -14,346,515.00 ₹ -14,346,515.00
r 8% 0.0066666666667
n 30 360
pmt

₹ 9,626.21