B) Cash value
18. How much is the original selling price of shoes being sold by the vendor if Jeric offers to buy it at
P1,000 and they agreed at its fair market value of P 1,150?
A) P1,000
C) P 1,200
B) P 1,100
D) P1,300
0 0 19. It is the price an asset would sell for on the open market when certain conditions are met.
A) Annuity
C) Down payment
B) Cash flow
D) Fair market value
© © 20. What is the present value of an ordinary annuity having semi-annual payments of P8,000 for 12
years with an interest rate of 12% compounded semi-annually?
A) P 100,402.90
C) 105,402.90
B) P 103,402.90
D) P110,402.90
0 21. It is an annuity where the length of the payment interval is not the same as the length of the
interest compounding period.
A) Cash flow
C) General annuity
B) Fair market value
D) General ordinary annuity
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