A loan for P50,000 is to be paid in 3 years at the amount of P65,000. What is the effective rate of money ?

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Duopsony is a market situation where there is/are______________?

A. Few sellers and few buyers B. Few sellers and many buyers C. Many sellers and few buyers D. One seller and few buyers...

A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn. The interest has accrued is left for another eight years. If the effective annual interest rate is 5%, what will be the withdrawal amount at the end of the 16th year ?

A. P693.12 B. P700.12 C. P702.15 D. P705.42...

What is defined as the reduction or fall of the value of an asset due to constant use and passage of time ?

A. Depletion B. Inflation C. Depreciation D. Deflation...

What is a secondary book of accounts, the information of which is obtained from the journal is called ?

A. Balanced sheet B. Ledger C. Worksheet D. Trial balance...

What is defined as the current assets minus inventories and prepaid expenses ?

A. Profit margin ratio B. Price-earnings ratio C. Return of investment ratio D. Quick ratio...