What is the present worth of a year annuity paying P 3,000.00 at the end of each year, with interest at 8% compounded annually ?

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One banker’s year is equivalent to ________________ days?

A. 300 B. 360 C. 365 D. 366...

First Benchmark Publishing’s gross margin is 50% of sales. The operating costs of the publishing are estimated at 15% of sales. If the company is within the 40% tax bracket, determine the percent of sales is their profit after taxes ?

A. 21 % B. 20 % C. 19 % D. 18 %...

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...