Business Mathematics Certification MCQs – Practice Test 3 (Chapter 7)

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Mathematics of Finance Quiz – Practice Test 3 PDF Download

MCQ 11: The interest earned plus principal amount is considered as:

semiannual amount
compound amount
discount amount
annual amount

MCQ 12: The stated annual rate of interest is referred as:

classified rate
fractional rate
marginal rate
nominal rate

MCQ 13: The compounding if occurs more than once in an annual period then the rate used is:

nominal annual rate
effective annual rate
fractional annual rate
marginal annual rate

MCQ 14: The negative cash flows are classified as:

present cash
future cash
cash inflows
cash outflows

MCQ 15: In the formula S = P+iP, the S is classified as:

compound amount
interest amount
discount amount
specified amount

Business Mathematics Quiz App & e-Book – Mathematics of Finance Certification Guide

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