The scholarship may be paid for a fixed number of years or in perpetuity. Such corpus is called ___________
Endowment fund
Reserve fund
Sinking fund
None of these
Deferred annuity is also called ___________________
Annuity certain
Ordinary annuity
Reversion
An ___________________ is a sequence of equal payments made at equal intervals of time, with compound interest on these payments .
Annuity
Discount
Trade discount
What is the amount of annuity due of Rs 100 yearly payable half-yearly for 15 years at 10% compound interest per annum payable half- yearly.
3391.25
3491.25
3521.25
3672.25
The time between two successive payment dates of an annuity is called its________________.
Cessation period
Duration
Payment period
_________________ is one when payments are made till the happening of an event such as death of a person, the marriage of girl.
Annuity Certain
Annuity Contingent
Annuity perpectual
Instruments
Endowment fund is also called _______________
Scholarship fund
Depreciation fund
The present value of a given annuity is the sum of the present values of its different _______________
Instalments
_________________ is annuity crated for accumulating money that can be used for paying off a financial obligation at some future precided date
______________________ is a fund created to discharge a known future liability .