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Total Questions : 932 | Page 3 of 94 pages
Question 21. Mr. David deposits Rs 1200 now, Rs 800 two years from now and Rs 1000 five years from now. If the savings bank's rate of interest in 5%, he will receive an amount of Rs X, 10 years from now, where ‘X’ is
  1.    Rs. 3415
  2.    Rs. 4225
  3.    Rs. 4413
  4.    Rs. 4826
 Discuss Question
Answer: Option C. -> Rs. 4413
Question 22. The annuity which refers to a debt payment for recovering the initial amount or capital in equal periodical payments, is known as;
  1.    Present Worth Annuity
  2.    Sinking fund annuity
  3.    Compound annuity
  4.    Capital recovery annuity
 Discuss Question
Answer: Option D. -> Capital recovery annuity
Question 23. What is defined as the interest on a load or principal that is based only on the original amount of the loan or principal?
  1.    Effective rate of interest
  2.    Nominal rate of interest
  3.    Compound interest
  4.    Simple interest
 Discuss Question
Answer: Option D. -> Simple interest
Question 24. What type of bond whose guaranty is in lien on railroad equipment, such as freight and passenger cars, locomotives, etc.?
  1.    Railroad bond
  2.    Equipment obligation bond
  3.    Equipment bond
  4.    Equipment trust bond
 Discuss Question
Answer: Option B. -> Equipment obligation bond
Question 25. What are the two classifications of goods and services?
  1.    Local and imported
  2.    Raw and finished
  3.    Consumer and producer
  4.    Ready-made and made-to-order
 Discuss Question
Answer: Option C. -> Consumer and producer
Question 26. What is defined as the certificate of indebtedness of corporation usually for a period not less than 10 years and guaranteed by a mortgage on certain assets of a corporation?
  1.    Bond
  2.    T-bills
  3.    Stock
  4.    Promissory note
 Discuss Question
Answer: Option A. -> Bond
Question 27. A sum of P1,000 is invested now and left for eight years, at which time the principal is withdrawn.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?
  1.    P693.12
  2.    P700.12
  3.    P702.15
  4.    P705.42
 Discuss Question
Answer: Option D. -> P705.42
Question 28. In case of bankruptcy of a partnership,
  1.    The partners are not liable for the liabilities of the partnership
  2.    The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
  3.    The partners personal assets are attached to the debt of the partnership
  4.    The partners nay sell stock to generate additional capital
 Discuss Question
Answer: Option B. -> The partnership assets (excluding the partners personal assets) only will be used to pay the liabilities
Question 29. What method is often used in municipal project evaluations where benefits and costs accrue to different segments of the community?
  1.    Annual cost method
  2.    Benefit-cost ratio
  3.    Rate of return method
  4.    EUAC
 Discuss Question
Answer: Option B. -> Benefit-cost ratio
Question 30. What refers to the ratio of the interest payment to the principal for a given unit of time and usually expressed as a percentage of the principal?
  1.    Return of investment
  2.    Interest rate
  3.    Yield
  4.    Rate of return
 Discuss Question
Answer: Option B. -> Interest rate

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