# Single Payment Computations MCQ Questions with Answers PDF Download eBook

Practice Single Payment Computations Multiple Choice Questions (MCQ), single payment computations quiz answers PDF worksheet, business mathematics test for online business degree. Solve mathematics of finance Multiple Choice Questions and Answers (MCQs), "Single Payment Computations" quiz questions and answers for online courses for business management degree. Learn mathematics of finance test prep for best online colleges for business administration.

"The interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is" Multiple Choice Questions (MCQ) on single payment computations with choices *0.4, 0.04, 40, and 0.004* for online courses for business management degree. Solve single payment computations quiz questions for merit scholarship test and certificate programs for online bachelor's degree in business management.

## MCQs on Single Payment Computations PDF Download eBook

MCQ: The interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is

- 0.4
- 0.04
- 40
- 0.004

B

MCQ: The nominal rate which is compounded more frequently than annually is equal to interest rate

- compounded annually
- compounded monthly
- discounted annually
- discounted monthly

A

MCQ: In the formula of simple interest, the definition of period implies on

- i and n
- p and n
- I and P
- p and P

A

MCQ: The interest rate per year is 24% and the compounding occurs every month then interest rate per compounding period is

- 3
- 0.2
- 0.02
- 20

C

MCQ: The interest earned plus principal amount is considered as

- semiannual amount
- compound amount
- discount amount
- annual amount

B