Answered: 4.) This refers to the interest rate…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

ChapterA3: Time Value Of Money

Section: Chapter Questions

Problem 11E

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DIRECTION: ENCIRCLE THE BEST ANSWER. 4.) This refers to the interest rate per conversion period A Compound interest C Rate of interest B Periodic rate D. Simple interest 5) Thuis nefers to the amount paid or eames for the use of money A Conversion period C. Principal B. Interest D Rate 6) 30 months is equivalent to A 25 years B 2.75 years C 3 years D 3.25 years 1) How much is the simple interest on this financial transaction. P = .000 00. - * 6°.. and / 2 years AP120.00 B P600.00 CP1.300 00 D P6.000.00 6) What is the total number of conversion periods when a certain amount is borrowed are 10°. coupomded mouthly for 5 years? A.12 B 50 C 24 D. 60 How unch was the interest if Sophia borrowed P45.000 90 and paid a total of PS5.500.00 ar the end of the tem A PI0.500 00 CP11.500.00 B P45,000.00 D. P100.500.00 10.) What is the interest rate per conversion period if 125.900 00 was tvested at 3.4. compounded oruually for 4 years and 6 months 0033 C 0.110 B 0.330 D. 0 160 11. Jolu borowed P45.400 00 at 10%. simple interest rate How mnich should be repay after 3 vears? A. P13.620.00 C.P59.020.00 B. P46.762.00 D. P104.420 00 12.) An interest of P760 was earned on an investment for 9 months at 3 o interest cate How anch was invested? A $2.032.00 B. $2,814.81 CP20.520.00 D. P33.797.78 13 at what simple interest rate was P18.350.00 invested if it earned P1.025.00 interest for 5 years A 00372, C. 3730, B 01193 D. 11 93 14) How much will be the compouud puiterest if P30.220 00 is invested at " , compounded quarterly for 2 years and 9 months? 24.499.21 C 56.574.05 B. P6.354.03 D. PI47.999 31 10。 15 ) When is P78.800 00 due it is presen value of P61.500 00 15 invested at compounded monthly C. 10.75 years D. 27.79 years A 2.32 years B 695 yeals

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