Exam (elaborations)
JAIIB P2 COMPILED 2024 QUESTIONSBANK WITH COMPLETE SOLUTIONS, GRADED A+
- Course
- Institution
JAIIB P2 COMPILED 2024 QUESTIONSBANK WITH COMPLETE SOLUTIONS, GRADED A+
[Show more]
Content preview
JAIIB P2 COMPILED2024 QUESTIONSBANK
WITH COMPLETE
SOLUTIONS, GRADED
A+
JAIIB
Evatee 9/14/24 JAIIB
,JAIIB P2 COMPILED 2024 QUESTIONSBANK
WITH COMPLETE SOLUTIONS, GRADED A+
SET 01
Q received a sum of rs. 20 lac on sale of a property which he has invested in
term deposit wit a
bank @10% interest for 10 year with the provision that he shall get fixed
amount every 10 years
how much amount shall receive ......
a. Rs. 325491
b. Rs. 325941
c. Rs, 324480
d. Rs. 323490 Answer - a
Solution
EMI=P*R*((1+r)^T)/(1+r)^T-1
=2000000*0.10*(1+10)^10/(1+r)^10-1
=200000*2.593742/2.593742-1
=200000*2.593742/1.593742
=200000*1.627454
=325490.8
=325491
Mr. X needs 10,00,000 to meet the expenses on the higher study of his son at
the end of 10
years from now. If the interest rates are assumed at 12%, how much amount he
should deposit
,annually.
a. 56969
b. 55980
c. 56589
d. 56984 Answer - d
Solution:
A=FV(r(1+r)^n-1)
=1000000*0.12/1.12^10-1
=1000000*0.12/3.105848-1
=120000*0.12/2.105848
=120000/2.105848
=56984.169
=56984.17
Mr. X needs 10,00,000 to meet the expenses on the study of his son at the end
of 20 years from
now. If the interest rates are assumed at 12%, how much amount he should
deposit annually.
a. 13788
b. 13878
c. 18378
d. 18738 Answer - b
Solution:
A=FV(r(1+r)^n-1)
=1000000*0.12/1.12^20-1
=120000*0.12/9.646293-1
=120000*0.12/8.646293
, =120000/8.646293
=13878.78
An Inflation rate of 10% and an expected nominal cash flow of Rs. 11,00,000/-
lac, the value of
the real cash flow?
a. 990000
b. 1000000
c. 1100000
d. 1210000 Answer - b
Solution
Real Cash flow= Nominal Cash flow/(1+Inflation Rate)
1100000/1+0.10
=11/1.10
=10,00,000
Effective Interest Rate of 10% of annual interest and compounding semi-
annually
a. 10 %
b. 10.25 %
c. 10.5 %
d. 10.75 % Answer - b
Effective Interest Rate =(1+periodic Interest Rate)^n-1
=(1+10/2)^2-1
=(1.1025)-1
=(0.1025
=10.25%
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller EvaTee. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $37.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
73314 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now