The conversion of the account balance of a deferred annuity contract to income payments is termed as?
Annuitization is the process of converting an annuity investment into a series of periodic income payments. Annuities may be annuitized for a specific period or for the life of the annuitant. Annuity payments may only be made to the annuitant or to the annuitant and a surviving spouse in a joint life arrangement. Annuitants can arrange for beneficiaries to receive a portion of the annuity balance upon their death.
'A' invests Rs.10,000 for 3 years at a certain rate of interest. At the end of the second year, it amounts to Rs.11,664. Calculate the rate of interest ...
The difference of compound interest on Rs. 800 for 1 year at 20% per annum when interest is being compounded. Half-yearly and quarterly
The compound interest on Rs. 30,000 at 7%per annum for n years is Rs. 4347. The value of n is
The C.I on a sum of Rs. 6400 becomes Rs. 1276.5625 in 9 months. Find the rate of interest, if the rate of interest is compounded quarterly?
Sara deposited Rs. 18,000 into an investment that offers a compound interest rate of 20% per annum, with semi-annual compounding. Calculate the interest...
Neena invested Rs.15000 in a fixed deposit scheme for 2 yrs at CI of 9% p.a. How much will Neena get on maturity of the fixed deposit?
A certain sum invested at compound interest of 10% p. a compounded annually, returns Rs. 6292 after 2 years. If a 20% greater sum is invested at a simpl...
A person took a loan of Rs 1500 from an investor for at 20% p.a. on compound interest for 2 years. But he paid only 80% of amount after 2 years. And inv...
A sum of money at a certain rate of interest when compounded annually becomes ₹625 in 4 years and ₹675 in 5 years. What is the rate of Interest per ...
Compound interest on a certain sum of money for 2 years is Rs.2660 while the simple interest on the same sum for the same time period is Rs.2500. Find t...
