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Questions and Answers
Compound interest takes into account the interest earned on the initial principal and also on the accumulated interest?
Compound interest takes into account the interest earned on the initial principal and also on the accumulated interest?
True
Simple interest is always calculated on the original principal amount?
Simple interest is always calculated on the original principal amount?
True
An annuity refers to a series of equal periodic payments or receipts?
An annuity refers to a series of equal periodic payments or receipts?
True
The concept of present value relates to determining the current value of a future sum of money?
The concept of present value relates to determining the current value of a future sum of money?
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Capital expenditure decision making involves evaluating long-term investments in fixed assets?
Capital expenditure decision making involves evaluating long-term investments in fixed assets?
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