1. What is the present value of an offer of P15,000 one year from now if the discount rate is 12% per year simple interest?
A. P12,453.07
B. P13,395.00
C. P13,393.00
D. P14,329.25
2. What is the present value of an offer of P25,000 one year from now if the
discount rate is 12% per year simple interest?
A. P21,565.00
B. P25,979.00
C. P22,321.43
D. P22.301.00
3. What is the future value of P10,000 at annual interest rate of 12% per year for two
years?
A. P12,544.00
B. P11,534.00
C. P13,654.00
D. P12,043.00
4. What is the future value of P10,000 at annual interest rate of 6% per year for 10
years?
A. P17,909.00
B. P17,709.00
C. P16,990.00
D. P19,005.00
5. The future value of an investment of PHP250,000 yielding an interest of 8%for a 5-
year period compounded annually is
A. P365,975.00
B. P367,332.02
C. P375,000.00
D. P390,345.00

Match each feature with the savings account type

Which of the following statements is correct? large corporations are taxed more favorably than sole proprietorships. corporate stockholders are exposed to unlimited liability. due to limited liability, unlimited lives, and ease of ownership transfer, the vast majority of u.s. businesses (in terms of number of businesses) are organized as corporations. most businesses (by number and total dollar sales) are organized as partnerships or proprietorships because it is easier to set up and operate in one of these forms rather than as a corporation. however, if the business gets very large, it becomes advantageous to convert to a corporation, mainly because corporations have important tax advantages over proprietorships and partnerships. most business (measured by dollar sales) is conducted by corporations in spite of large corporations’ often less favorable tax treatment, due to legal considerations related to ownership transfers and limited liability.

Martha entered into a contract with terry, an art dealer. according to the contract, terry was to supply 18 th century artifacts to martha for the play she was directing, and martha was ready to pay $50,000 for this. another director needed the same artifacts and was ready to pay $60,000. terry decided not to sell the artifacts to martha. in this case, the court may order terry to: