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Questions and Answers
Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
What is the effective annual interest rate on a loan with a nominal interest rate of 12% per year compounded quarterly?
How much was invested at 18% if the annual income from a 16% investment was P620 less than three times the annual income from the 18% investment?
What nominal rate, converted quarterly, could be used instead of 12% compounded semi-annually?
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Which one of these is the correct simple interest rate for Mr. J. Reyes' loan?
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Which one of the following is the book value of the asset during the third year, using the sum-of-the-years digit depreciation method?
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Which one of the following is the depreciation in the third year, using the sum-of-the-years digit method?
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What is the depreciation for the first year, using the sum-of-the-years digit method?
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What is the purchase cost of the asset?
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What is the salvage value of the asset at the end of its life?
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