Single Payment Computations MCQs Test Online PDF Download

Single payment computations multiple choice questions (MCQs), single payment computations test prep for online learning with business degree certificate eCourses. Learn mathematics of finance multiple choice questions (MCQs), single payment computations quiz questions and answers. Career test prep on single payment computations, annuities and present value, annuities and future values, cost benefit analysis aptitude test for online math tutor courses distance learning.

Practice mathematics of finance aptitude test MCQs: nominal rate which is compounded more frequently than annually is equal to interest rate, for free online courses with options compounded annually, compounded monthly, discounted annually, discounted monthly for online college business degree. Free skills assessment test is for online e-learning single payment computations quiz questions with MCQs, exam preparation questions and answers.

MCQ on Single Payment ComputationsQuiz PDF Download

MCQ: Interest rate per year is 16 and compounding occurs every quarter then interest rate per compounding period is

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

B

MCQ: 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 formula of simple interest, definition of period implies on

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

A

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

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

C

MCQ: Interest earned plus principal amount is considered as

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

B