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Math

The document contains multiple choice questions about financial terms and calculations. It asks the reader to select the correct answer for questions about the total amount to repay a loan, the number of days between two dates, the principal of a loan, the time between interest computations, the method for approximating the number of days in a month, how interest is largest when compounded, the number of compounding periods for an investment compounded quarterly over 5 years, the maturity value of a loan where interest is half the principal, interest computed on the original principal over the life of an investment, and interest computed using a 360 day year.

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Ericka W.
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6K views3 pages

Math

The document contains multiple choice questions about financial terms and calculations. It asks the reader to select the correct answer for questions about the total amount to repay a loan, the number of days between two dates, the principal of a loan, the time between interest computations, the method for approximating the number of days in a month, how interest is largest when compounded, the number of compounding periods for an investment compounded quarterly over 5 years, the maturity value of a loan where interest is half the principal, interest computed on the original principal over the life of an investment, and interest computed using a 360 day year.

Uploaded by

Ericka W.
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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The total amount the borrower would need to repay a loan

Select one:
a. Principal
b. Present value
c. Maturity value

d. Compound value
The number of days from April 12,2002 to October 25,2003 using actual time is

Select one:
a. 561
b. 300
c. 451

d. 547
It is also referred to as the principal

Select one:
a. maturity value
b. Present value
c. amount

d. annuity
The time between successive interest computation

Select one:
a. Exact time
b. Regression period
c. Approximate time

d. Compounding period
It is found by assuming each month to be 30 days

Select one:
a. Exact time
b. Simple time
c. Ordinary time

d. Approximate time
The largest interest can be obtained when compounded

Select one:
a. semi-annually
b. annually
c. quarterly

d. monthly
How many conversion periods are there for an amount of 1000 compounded quarterly for 5
years

Select one:
a. 5
b. 20
c. 10

d. 15
The maturity value of a loan of Php 10,000 and interest half of the principal

Select one:
a. 12,000
b. 18,000
c. 11,000

d. 15,000
It is an interest computed based on the original principal during the whole life of investment

Select one:
a. bond
b. annuity
c. compound

d. simple
The interest computed on the basis of a 360-day year

Select one:
a. Compound
b. Simple interest
c. Exact interest
d. Ordinary interest

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