QUESTION The contractual interest rate is always stated as a(n) OA daily rate. B. semiannual rate O C monthly rate D annual rate QUESTION9 Able Electronics Company issues a $1,000 000 8% 20-year mortgage note on January 1 The terms provide for annual installment payments, exclusive of real estate taxes and insurance, of $101,852 After the first installment payment, the principal balance is A S920.000 $978.148 C S898.148 D $1,000,000 QUESTION 10 A corporation has the following account balances. Common stock, $1 par value, 30,000, Paid-in Capital in Excess of Par, $650,000. Based on this information, the O A average price per share issued is $11.25 B legal capital is S680.000 C number of shares outstanding is 680,000 D number of shares issued is 30,000