Which of the following statements are correct?
(A) A fund which is created to accumulate money over the years to discharge a future obligation is called a sinking fund.
(B) The amount or future value of perpetuity is well-defined.
(C) The sinking fund be used in any emergency.
(D) An equated monthly installment is a fixed payment made by a borrower to a lender at a specific date every month to clear off the loan.
Choose the correct answer from the options given below:
Held on 21 May 2025 · Verified 13 Jul 2026.
(A), (B) and (D) only
(A) and (D) only
(A), (B) and (C) only
(B), (C) and (D) only
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The behavior and pattern of the data in a time series is NOT based on which of the following component?
Which of the following is not correct about the Compound Annual Growth Rate (CAGR)?
An automobile dealer wishes to buy four luxury cars of different brands given in the table below with some down payment and balance in equal monthly installments (EMI) for 10 years. The bank charges 9% interest per annum compounded monthly. $\left( {Given } \frac{0.0075 \times(1.0075)^{120}}{(1.0075)^{120}-1} = 0.01266\right)$ | Luxury Car | Price of the Car (in Rs.) | Down payment (in Rs.) | |---|---|---| | P | 25,00,000 | 5,00,000 | | Q | 35,00,000 | 12,00,000 | | R | 45,00,000 | 15,00,000 | | S | 42,00,000 | 15,00,000 | Match List-I with List-II | List-I | List-II | |---|---| | Luxury Car | EMI (in Rs.) | | (A) P | (I) 34,182 | | (B) Q | (II) 37,980 | | (C) R | (III) 29,118 | | (D) S | (IV) 25,320 | Choose the correct answer from the options given below:
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Mr. X wishes to purchase a flat for Rs. 44,65,000 with a down payment of Rs. 10,00,000 and balance in equated monthly installments (EMI) for 25 years. If the bank charges 6 % per annum compounded monthly, the EMI is: [Given: $(1.005)^{300} =4.4650$]
Work through every CUET UG Statistics & Applications PYQ, year by year.