qplease answer all 1.) Date on which money is received by the borrower.A. Conversion periodC. Maturity dateD. Repayment dateB. Loan date2.) 3%is equivalent toA. 0.0032C. 0.32B. 0.032D. 3.23.) This refers to the interest charged on the principal alone for the entire duration or period of the loanor investment.A. Compound interestB. Future valueC. Interest rateD. Simple interest

Loan Date: It is the date when the borrower received a loan from a third party. Hence it is a…

Answered: . Conversion p - Loan date ·%-is…

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

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Question

qplease answer all

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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