What is the effective rate corresponding to 18% compounded daily? Take 1 year is equal to 360 days______________?

Related Mcqs:

A _____________ is a market situation where economies of scale are so significant that cost are only minimized when the entire output of an industry is supplied by a single producer so that the supply costs are lower under monopoly that under perfect competition ?

A. Perfect monopoly B. Bilateral monopoly C. Natural monopoly D. Ordinary monopoly...

What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?

A. Seller B. Manufacturer C. Producer D. Buyer or consumer...

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 main reason why the sinking fund method of computing depreciation is seldom used in the industry ?

A. Unstable economy B. Rate of interest cannot be exactly determined C. The initial deprecation is high D. The initial depreciation is low...

What is an index of short-term paying ability ?

A. Price-earnings ratio B. Current ratio C. Profit margin ratio D. Gross margin...