You need Rs. 10,000 to buy a new television. If you have Rs. 6,000 to invest at 5 percent compounded annually, how long will you have to wait to buy the television?

Related Mcqs:

1. If you plan to save Rs. 5,000 with a bank at an interest rate of 8%, what will be the worth of your amount after 4 years if interest is compounded annually?

   A. Rs. 5,400
   B. Rs. 5,900
   C. Rs. 6,600
   D. Rs. 6,802

2. Standard Company had net sales of Rs. 750,000 over the past year. During that time, average receivables were Rs. 150,000. Assuming a 365-day year, what was the average collection period?

   A. 5 days
   B. 36 days
   C. 48 days
   D. 73 days

3. During the accounting period, sales revenue is Rs. 25,000 and accounts receivable increases by Rs. 8,000. What will be the amount of cash received from customers for the period?

   A. Rs. 33,000
   B. Rs. 25,000
   C. Rs. 17,000
   D. Rs. 8,000

4. A firm has paid out Rs. 150,000 as dividends from its net income of Rs. 250,000. What is the retention ratio for the firm?

   A. 12%
   B. 25%
   C. 40%
   D. 60%

5. A firm reports total liabilities of Rs. 300,000 and owner’s equity of Rs. 500,000. What would be the total worth of the firm’s assets?

   A. Rs. 300,000
   B. Rs. 500,000
   C. Rs. 800,000
   D. Rs. 1100,000

6. Companies take savings as premium, invest in bonds and make payments to beneficiaries are classified as_____________?

   A. Debit unions
   B. Life insurance companies
   C. Credit unions
   D. Auto purchases

7. In estimating value of cash flows, compounded future value is classified as its__________?

   A. Terminal value
   B. Existed value
   C. Quit value
   D. Relative value

8. In estimating value of cash flows, the compounded future value is classified as its _________?

   A. terminal value
   B. existed value
   C. quit value
   D. relative value

9. Type of options that permit bond holder to buy stocks at stated price are classified as______?

   A. Provision
   B. Guarantee
   C. Warrants
   D. Convertibles

10. Corporations that buy financial instruments with money accepted from savers are classified as_________________?

    A. Debit funds
    B. Credit funds
    C. Mutual funds
    D. Insurance funds