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Finals - Finance

Authored by ANNE CARLOS

Business

University

Used 1+ times

Finals - Finance
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45 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Interest is mostly computed yearly?

True

False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Simple Interest can be computed quarterly?

False

True

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sam gets a loan to AGC Bank to expand their business. After 5 year , she paid a total amount of Php. 125,000.00 with 5,000 interest .

Q: What is the Principal Amount

Php. 125,000

Php. 100,000

Php. 5,000

Php. 25,000

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sam gets a loan to AGC Bank to expand their business. After 5 year , she paid a total amount of Php. 125,000.00 with 5,000 interest .

Q: What is the loan term?

12 months

24 months

48 months

60 months

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Sam gets a loan to AGC Bank to expand their business. After 5 year , she paid a total amount of Php. 125,000.00 with 5,000 interest .

Q: What is the interest rate?

25%

5%

.05%

2.5%

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Compound Interest in simple terms is the interest upon interest.

False

True

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

For Simple Interest it is important to compute the interest of past period.

True

False

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