Practice single payment computations MCQs, mathematics MCQ online for test prep. Mathematics of finance quiz has multiple choice questions (MCQ), single payment computations quiz questions and answers as interest rate per year is 16 and compounding occurs every quarter then interest rate per compounding period is, answer key help with choices as 0.4, 0.04, 40 and 0.004 problem solving for viva, competitive exam preparation, interview questions. Free study guide is to learn single payment computations quiz online with MCQs to practice test questions with answers. Single Payment Computations Video

MCQ. 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

B

MCQ. 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

A

MCQ. 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

A

MCQ. 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

C

MCQ. The interest earned plus principal amount is considered as

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

B