29 . A company has an outstanding one-year bank loan of $ 500,000 at a stated interest rate of 8 %. The company is required to maintain a 20 % compensating balance in its checking account . The company would maintain a zero balance in this account if the requirement did not exist . What is the effective interest rate of the loan ?
30 . Josey maintained a $ 10,000 balance in his savings account throughout 2008 , the first year of the account . The savings account paid 2 % interest compounded annually . For 2008 , the inflation rate was 3 %. For 2008 , what is Josey ' s real interest rate on the savings account ?
31 . Which one of the following is interest earned on both an initial principal and the unpaid accrued interest that accumulated on that principal from prior periods ?
32 . Beta Company has arranged to borrow $ 10,000 for 180 days . Beta will repay the principal amount plus $ 600 in interest at the maturity of the note . Which one of the following is the annual percentage rate ( APR ) of interest that Beta is paying on the loan ?
33 . Which one of the following is the annual rate of interest applicable when not taking trade credit terms of " 2 / 10 , net 30 ?"
34 . The following information is available on market interest rates : What is the market rate of interest on a one-year U . S . Treasury bill ?
35 . Which one of the following U . S . GAAP approaches to determining fair value converts future amounts to current amounts ?
36 . Which of the following U . S . GAAP levels of inputs for valuation purposes is / are based on observable inputs ?
37 . Conceptually , which one of the following U . S . GAAP approaches for determining value is most likely to provide the best evidence of fair value ?