• 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

\( \$ 5000 \) are invested in a bank account at an interest rate of 5 percent per year. Find the amount in the bank after 13 years if interest is compounded annually. 9428 Find the amount in the bank after 13 years if interest is compounded quarterly. 9539 Find the amount in the bank after 13 years if interest is compounded monthly. Finally, find the amount in the bank after 13 years if interest is compounded continuously.

A car was valued at \( \$ 34,000 \) in the year 1990 . The value depreciated to \( \$ 11,000 \) by the year 2006 . A) What was the annual rate of change between 1990 and 2006 ? \( r=\square \) Round the rate of decrease to 4 decimal places.

What amount, \( A \), will our account have after 5 years if it earns an annual rate of \( 5 \% \) compounded quarterly if we started with \( \$ 650 \). Round to the nearest cent. \( A=\$ \)

\( \$ 5000 \) are invested in a bank account at an interest rate of 5 percent per year. Find the amount in the bank after 13 years if interest is compounded annually. Find the amount in the bank after 13 years if interest is compounded quarterly. Find the amount in the bank after 13 years if interest is compounded monthly. Finally, find the amount in the bank after 13 years if interest is compounded continuously.

A car was valued at \( \$ 31,000 \) in the year 1991 . The value depreciated to \( \$ 13,000 \) by the year 2007 . A) What was the annual rate of change between 1991 and 2007? \( r=\square \) Round the rate of decrease to 4 decimal places. B) What is the correct answer to part A written in percentage form? \( r=\square \). C) Assume that the car value continues to drop by the same percentage. What will the value be in the year 2010 ? value \( =\$ \square \) Round to the nearest 50 dollars.