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Tamil Nadu Board of Secondary EducationHSC Commerce Class 11

Example of contingent annuity is ___________. - Business Mathematics and Statistics

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Question

Example of contingent annuity is ___________.

Options

  • Installments of payment for a plot of land

  • An endowment fund to give scholarships to a student

  • Personal loan from a bank

  • All the above

MCQ
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Solution

Example of contingent annuity is An endowment fund to give scholarships to a student.

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Chapter 7: Financial Mathematics - Exercise 7.3 [Page 173]

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Samacheer Kalvi Business Mathematics and Statistics [English] Class 11 TN Board
Chapter 7 Financial Mathematics
Exercise 7.3 | Q 15 | Page 173

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