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1. How do you correctly compute the double-declining balance rate? Optional Answers: 1. Two times the straightline rate 2. The straightline rate divided by two

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1. How do you correctly compute the double-declining balance rate? Optional Answers: 1. Two times the straightline rate 2. The straightline rate divided by two 3. The straightline rate 4. The number of years times two 1. What is the formula for computing interest? Optional Answers: 1. Interest=Principal*Rate*Time, annualized, with a 360-day year 2. Interest=Principal+(Principal*Rate*Time), annualized, with a 360-day year

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