Find the annual percentage yield for an investment at the following rates. (Round your answers to two decimal places.) (a) \( 7.6 \% \) compounded monthly (b) \( 8 \% \) compounded continuously

2. Which statements are wrong? A. Percentage taxes are basically on sales of services. B. Percentage taxes are not allowed by law to be shifted to the customers or clients. C. An isolated transaction not in the course of business will not result in a liability for a percentage tax. D. None of the above.

7. Mohammed borrowed N2500 at \( 4 \% \) p.a. com- pound interest. He repays N600 at the end of each year. Find out during which year the debt will finish.

A nominal interest rate of \( 7,2 \% \) per annum is quoted. The interest is compounded monthly. 8.3.1 Calculate the effective interest rate n a round off to a whole number.

An amount of R 500 is invested at \( i \% \) per annum compound interest. After 6 years it has grown to \( \mathrm{R} 1126,10 \). Calculate the value of \( i \), round off to a whole number and give your answer as a percentage.

• Used vehicle - means a vehicle that is not covered under the definition of new vehicle Proup Work-II. Choose the Best Answer from the Given Alternatives 1. Statement 1: All VAT-exempt taxpayers shall be subject to other percentage taxes. Statement 2: A taxpayer who is subject to percentage tax on his gross receipt will also be subject to income tax on his net income. B. Only statement 1 is correct C. Both statements are correct D. Both statements are incorrect