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Problem 1: Jun P. Inc. deposits money in a bank that pays a 10% interest rate and compounds interest quarterly. Compute the Effective Interest Rate.
A. 10.47%
B. 10.25%
C. 10.95%
D. 10.38%
Problem 2: The Incredible's are planning ahead for their son's education. He's eight now and will start college in 10 years. How much will they have to set aside at the end of each year to have P95,000 in 10 years if the annual interest rate is 7%? (Use 5-decimal Time Value Factor)
A. 5,704.54
B. 6,757.89
C. 5,500.25
D. 6,875.86
Retained Earnings - unappropriated, January 1 2,000,000, What amount should be reported as unappropriated retained earnings on December 31?
You present it to the bank what documents could you obtain as proof of lodgement of the deposited amount, and where would you file it?
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State two desired characteristics of the Board of Directors of an effective corporation. Provide reasons for your response, citing the ways
Calculate the company's disbursement ?oat, collection float and net ?oat. Each business day. on average. a company writes checks totaling $33,000
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