Which is NOT an essential element of an ordinary annuity ?

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The difference between the present and future worth of money at some time in the future is called __________________?

A. Discount B. Deduction C. Inflation D. Depletion...

A farmer selling eggs at 50 pesos a dozen gains 20%. If he sells the eggs at the same price after the costs of the eggs rises by 12.5%, how much will be his new gain in percent ?

A. 6.89 % B. 6.65 % C. 6.58 % D. 6.12 %...

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...

In what method of computing depreciation where it assumes that the annual cost of depreciation is a fixed percentage of the book value at the beginning of the year ?

A. Straight line method B. Sinking fund method C. Sum-of-year digit method D. Declining balance method...

Double taxation is a disadvantage of which business organization ?

A. Sole proprietorship B. Partnership C. Corporation D. Enterprise...