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ACC501 - Business Finance

Question(s) similar to the following:

Which of the following statement is CORRECT regarding compound interest?

Question 1: Which of the following statement is CORRECT regarding compound interest?

It is the most basic form of calculating interest.
It earns profit not only on principal but also on interest.
It is calculated by multiplying principal by rate multiplied by time.
It does not take into account the accumulated interest for calculation.

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Question 2: Which of the following statement is CORRECT regarding compound interest?

It is the most basic form of calculating interest.
It earns profit not only on principal but also on interest.
It is calculated by multiplying principal by rate multiplied by time.
It does not take into account the accumulated interest for calculation.

Question 3: Which of the following statements is(are) CORRECT regarding a bond?

A bond is an evidence of debt issued by a corporation or a governmental body.
A bond represents a loan made by investors to the issuer.
When a corporation wishes to borrow from public on a long term basis, it does so by issuing or selling bonds.
All of the given options
Quizzes of ACC501 - Business Finance
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