A. Monthly
B. Bimonthly
C. Quarterly
D. Annually
Related Mcqs:
- What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?
A. 8.07 %
B. 8.12 %
C. 8.16 %
D. 8.24 % - A man loans P 187,400 from a bank with interest at 5% compounded annually. He agrees to pay his obligations by paying 8 equal annual payments, the first being due at the end of 10 years. Find the annual payments ?
A. P 43,600.10
B. P 43,489.47
C. P 43,263.91
D. P 43,763.20 - A factory operator bought a diesel generator set for P 10,000.00 and agreed to pay the dealer uniform sum at the end of each year for 5 years at 8% interest compounded annually, that the final payment will cancel the debt for principal and interest. What is the annual payment ?
A. P 2,500.57
B. P 2,544.45
C. P 2,540.56
D. P 2,504.57 - What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?
A. P 7,654.04
B. P 7,731.29
C. P 7,420.89
D. P 7,590.12 - A person buys a piece of lot for P 100,000 downpayment and 10 deferred semi-annual payments of P 8,000 each, starting three years from now. What is the present value of the investment if the rate of interest is 12% compounded semi-annually ?
A. P 142,999.08
B. P 143,104.89
C. P 142,189.67
D. P 143,999.08 - How long will it take money to double itself if invested at 5% compounded annually ?
A. 13.7 years
B. 14.7 years
C. 14.2 years
D. 15.3 years - Miss Evilla borrowed money from a bank. She receives from the bank P1,340.00 and promised to pay P1,500.00 at the end of 9 months. Determine the corresponding discount rate or often referred to as the “banker’s discount”?
A. 13.15 %
B. 13.32 %
C. 13.46 %
D. 13.73 % - An amount of P1,000 becomes P1,608.44 after 4 years compounded bimonthly. Find the nominal interest?
A. 11.89 %
B. 12.00 %
C. 12.08 %
D. 12.32 % - A college freshman borrowed P2,000 from a bank for his tuition fee and promised to pay the amount for one year. He received only the amount of P1,920 after the bank collected the advance interest of P80.00. What was the rate of discount ?
A. 3.67 %
B. 4.00 %
C. 4.15 %
D. 4.25 % - A student plans to deposit P1,500 in the bank now and another P3,000 for the next 2 years. If he plans to withdraw P5,000 three years from after his last deposit for the purpose of buying shoes, what will be the amount of money left in the bank after one year of his withdrawal? Effective annual interest rate is 10% ?
A. P1,549.64
B. P1,459.64
C. P1,345.98
D. P1,945.64
