. Conversion p - Loan date ·%-is equivalent 0.0032 0.032 is refers to the i

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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1.) Date on which money is received by the borrower.
A. Conversion period
C. Maturity date
D. Repayment date
B. Loan date
2.) 3%is equivalent to
A. 0.0032
C. 0.32
B. 0.032
D. 3.2
3.) This refers to the interest charged on the principal alone for the entire duration or period of the loan
or investment.
A. Compound interest
B. Future value
C. Interest rate
D. Simple interest
Transcribed Image Text:1.) Date on which money is received by the borrower. A. Conversion period C. Maturity date D. Repayment date B. Loan date 2.) 3%is equivalent to A. 0.0032 C. 0.32 B. 0.032 D. 3.2 3.) This refers to the interest charged on the principal alone for the entire duration or period of the loan or investment. A. Compound interest B. Future value C. Interest rate D. Simple interest
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