1. Which of the following statements is most correct?

Correct! Wrong!

2. What is the value of Rs. 100 perpetuity if interest is 7%?

Correct! Wrong!

3. If you want to deposit money into bank, what will be yours choice?

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4. Which of the following is not the present value of the amount?

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5. The effective rate of interest will always be ____ the nominal rate?

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6. In Rule 69, we divide 69 by “n” and add what amount?

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7. If a saving plan offers a nominal rate of 8%, compounding quarterly on a 1-year investment, what will be the “EIR”?

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8. More frequent compounding results in _________ future values and __________ present values than less frequent compounding at the same interest rate?

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9. What Stream of cash flows continue indefinitely?

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10. You take a mortgage loan for Rs. 10,000 for 20 years (monthly repayments). The rate of interest is 0.6% per month. What are your monthly payments?

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