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…
CUET UG 2025 — Mathematics Statistics & Applications
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.
Options
- A
(A), (B) and (D) only
- B
(A) and (D) only
- C
(A), (B) and (C) only
- D
(B), (C) and (D) only
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