Past Board Exam Problems
1.
If
a machine is purchased on installment and the buyer makes an
P80,000.00 down payment and owes a balance of P150,000 in 2 years. Determine
the machine cash value if money is worth 14% compounded quarterly.
a)
P199,312.00 b)
P183,912.00 c)
P193,912.00 d)
P139,912.00
answer:
) P193,912.00
Solution: Cash Value = Down payment + Present value of
the balance
2. What
is the effective rate equivalent of 12% compounded quarterly?
a)
12.55% b) 11.55 % c) 12.98 % d) 13 %
answer: ) 12.55%
a)
P1,449.12 b) P
1,559.12 c)
P1,339.12 d) P1,669.12
answer: ) P1,449.12
a) 21 b)
18 c) 25 d) 9
Comments
Post a Comment