Single Payment Computations MCQs Quiz Online PDF Book Download

Single payment computations multiple choice questions (MCQs), single payment computations quiz answers to learn business analyst courses for online business degree. Mathematics of finance MCQs with answers, single payment computations quiz questions and answers for online mathematics degree. Learn single payment computations test prep for online certifications.

Learn mathematics of finance test MCQs: interest rate per year is 16 and compounding occurs every quarter then interest rate per compounding period is with choices 0.4, 0.04, 40, and 0.004 for online mathematics degree. Practice merit scholarships assessment test, online learning single payment computations quiz questions for competitive assessment in math major.

MCQ on Single Payment ComputationsQuiz Book 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