I need to know Indian Post saving account interest over the past 10 years. Anybody have these rates?Thank you in advance.
Can anybody explain following Actuarial problems step by step?
1.Mohan and John have equal amounts of money to invest. Mohan purchases a 10 year annuity-due with annual payments of Rs. 2500 each. John invests his money in a savings account earning 9% effective annual interest for two years. At the end of two years, he purchases a 15-year immediate annuity with annual payments of Z. If both annuities are valued using an effective annual rate of 8% find the value of Z.
2.In fund X money accumulates at force of interest δt = .01t+.010 for 0
i have verified paypal with my bank account in india,now my question is how do i transfer my funds to other bank account(my son’s bank account).Is it possible.i live in india
I know that interest earned on NSC is taxed. But is the principle amount earned at the end of term taxed?
Show that a continuous annuity with withdrawal rate N = $5000/yr and interest rate r = 8%, funded by an initial deposit of Po= $75,000, never runs out of money.
As I understand the differential equation for this type of problem is
dP/dt = r (P-N/r)
For r, I should substitute 8/100 = 0.08. Is this correct?
This is how I solved the equation:
dP/(P – N/r) = r dt
ln(P – N/r) = rt + ln(C), where C is a constant
ln(P – N/r) – ln(C) = rt
ln[(P – N/r)/C] = rt
P – N/r = C e^rt
P = N/r + C e^rt
Substituting the given value of P at t = 0, we can find the value of C. I got C = $12500
P = N/r + 12500 e^rt
P = 5000/.08 + 12500 e^rt
P = 62500 + 12500 e^(.08t)
From the above equation, P > 0 for all values of t. Therefore the annuity never runs out of money.
Is my analysis correct?
What surprises me is the equation P = N/r + C e^rt
Since N is the withdrawal rate, should we not get an equation which shows that P decreases when N increases? But the equation P = N/r + C e^rt shows just the opposite.
The fact is that I have sold some important stocks around this level for intraday and couldn’t get them back!
My mother has purchased some NSC (National Saving Certificates) while in Pune few years back.?
Now they are matured.Now she is at Pondicherry. She is not in a fit position to travel to Pune. What is the way to redeem ? Kindly advise.
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