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Single Payment Computations Multiple Choice Questions with Answers – PDF Download

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Free "Single Payment Computations" App Download [Free] with MCQ: Interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is; with answers: 0.4, 0.04, 40, and 0.004 for bachelors degree online. Practice Single Payment Computations Quiz Questions, download Google e-Book (Free Chapter) for online courses for business management degree.

Single Payment Computations MCQs PDF Download – Prep Test

MCQ 1: The interest rate per year is 16 and the compounding occurs every quarter then interest rate per compounding period is:

  1. 0.4
  2. 0.04
  3. 40
  4. 0.004

MCQ 2: The nominal rate which is compounded more frequently than annually is equal to interest rate:

  1. compounded annually
  2. compounded monthly
  3. discounted annually
  4. discounted monthly

MCQ 3: In the formula of simple interest, the definition of period implies on:

  1. i and n
  2. p and n
  3. I and P
  4. p and P

MCQ 4: The interest rate per year is 24% and the compounding occurs every month then interest rate per compounding period is:

  1. 3
  2. 0.2
  3. 0.02
  4. 20

MCQ 5: The interest earned plus principal amount is considered as:

  1. semiannual amount
  2. compound amount
  3. discount amount
  4. annual amount

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