Author Question: Adam borrows 4,500 at 12 percent annually compounded interest to be repaid in four equal annual ... (Read 152 times)

jayhills49 · **on:** Jul 10, 2018

Adam borrows 4,500 at 12 percent annually compounded interest to be repaid in four equal annual installments. The actual end-of-year payment is ________.

A) 942
B) 1,125
C) 1,482
D) 2,641

Question 2

A ________ is responsible for the firm's accounting activities, such as corporate accounting, tax management, financial accounting, and cost accounting.

A) treasurer
B) controller
C) foreign exchange manager
D) pension fund manager