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Financial Management_Pop Quiz 1

Quiz by Sherwin Salas

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4 questions
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  • Q1

    What is the product of principal amount, multiplied by the rate per annum and time in years?

    Time elapsed

    Interest

    Interest Rate

    Future Value

    30s
  • Q2

    What is the sum of the principal amount and interest?

    Interest income

    Interest expense

    Face value

    Future value

    30s
  • Q3

    According to the Banker's Rule, interest is computed using how many days in a year?

    360

    365.25

    365

    366

    30s
  • Q4

    What is the amount derived using, PV (1 + j/m)mt?

    Future value (simple interest)

    Present value (simple interest)

    Present value (compound interest)

    Future value (compound interest)

    30s

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