What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?

Related Mcqs:

What is the type of annuity that does not have a fixed time span but continues indefinitely or forever ?

A. Ordinary annuity B. Perpetuity C. Annuity due D. Deferred annuity...

What is defined as any tangible economic activity that contributes directly or indirectly to the satisfaction of human want ?

A. Services B. Goods C. Commodities D. Goods or commodities...

A P 1, 000, 6% bond pays dividend semiannually and will be redeemed at 110% on June 21, 204. It is bought on June 21, 2001 to yield 4% interest. Find the price of the bond ?

A. P 1,122.70 B. P 1,144.81 C. P 1,133.78 D. P 1,155.06...

Salvage value is sometimes known as _____________________?

A. Scrap value B. Going value C. Junk value D. Second-hand value...

All the proceeds which are received by the business as a result of the sale of goods is called _________________?

A. Net income B. Gross income C. Net revenue D. Total sales...