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CUET · MATHS · PYQ PAPER 2025

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 :

  1. A (A), (B) and (D) only
  2. B (A) and (D) only
  3. C (A), (B) and (C) only
  4. D (B), (C) and (D) only
Verified Solution

Answer & Solution

Correct Answer

(B) (A) and (D) only

Step-by-step Solution

Detailed explanation

(A) and (D) only