Hi can you help me on my assignment?Kindly answer and show your solution please, i badly needed it . 12:48 O O511. If a certain fund earns an interestof 12% compounded quarterly,what is the effective rate of6. What should be the annual discountrate of a loan if the simple interest rate isinterest?a. 12.10%b. 3.05%c. 12.55%d. 12.68%8%?a. 65%b. 6.32%C. 7.41%d. 8.01%2. At an interest rate of 2% per month, themoney will double in value in how manymonths?7. A necklace is appraised at P6,300. Ifa. 20 monthsthe value of the necklace has increased atb. 22 monthsan annual rate of 7%, how much was itworth 15 years ago?a. P2,283.41c. 24 monthsd. 35 monthsb. P2,450.353. If P100,000.00 is loaned for 10 years ata simple interest rate of 15% per annum,c. P2,867.20d. P2,689.5determine the total amount due at the endof 10 years?a. P350,000.008. Jones Corporation borrowed P9,000from Brown Corporation on Jan. 1, 1978,b. P200,000.00and P12,000 on Jan. 1, 1980. Jonesc. P250,000.00d. P300.000.00Corporation made a partial payment ofP7,000 on Jan. 1, 1981. It was agreed thatthe balance of the loan would be4. What is the future amount P5,000 usingamortized by two payments, one on Jan.1, 1982, and on the other on Jan. 1, 1983,the exact simple interest for the periodfrom January 5 to November 28, 1990. Ifthe rate of interest is 22%the second being 50% larger than the first.If the interest rate is 12%, what is theamount of each payment?5. By the conditions of a will, the sum of9. If P5,000 is invested now at an interestP25,000 is left to a girl to be held in trustby her guardian until it amounts toP45,000. When will the girl receive therate of 9% compounded continuously, howmuch would be at the end of 8 years?a. P9,875.8b. P10,272.2money if the fund is invested at 8%compounded quarterly?a. 72 yearsb. 7.42 yearsc. 8.42 yearsd. 6.42 yearsc. P12,072.4d. P13,773.5с.10. Find the effective rate of interest for aninvestment that earns 5 %% per year,compounded continuously.a. 75%b. 5.65%C. 8.74%d. 12%

Interest rate means the rate of interest that the investment fetches during the period of time. It…

Answered: 1. If a certain fund earns an interest…

1. If a certain fund earns an interest of 12% compounded quarterly, what is the effective rate of interest? a. 12.10% b. 3.05% C. 12.55% d. 12.68%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Consumer Credit Counseling Services

Credit counseling teaches consumers about credit, budgeting, money management, and debt management. The counselor ensures that consumers can pay off their debts without declaring bankruptcy. Counselors also assist the negotiator, who negotiates with creditors on behalf of their clients to reduce interest rates on outstanding debt. Counselors can offer credit counseling to customers before or after they take on debt. Consumer Credit Counseling Services (CCCS) is a non-profit organization that offers credit counseling services. Some organizations can also be for profit. This type of organization comprises a group of professionals who are skilled negotiators.

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Hi can you help me on my assignment? Kindly answer and show your solution please, i badly needed it .

12:48 O O
51
1. If a certain fund earns an interest
of 12% compounded quarterly,
what is the effective rate of
6. What should be the annual discount
rate of a loan if the simple interest rate is
interest?
a. 12.10%
b. 3.05%
c. 12.55%
d. 12.68%
8%?
a. 65%
b. 6.32%
C. 7.41%
d. 8.01%
2. At an interest rate of 2% per month, the
money will double in value in how many
months?
7. A necklace is appraised at P6,300. If
a. 20 months
the value of the necklace has increased at
b. 22 months
an annual rate of 7%, how much was it
worth 15 years ago?
a. P2,283.41
c. 24 months
d. 35 months
b. P2,450.35
3. If P100,000.00 is loaned for 10 years at
a simple interest rate of 15% per annum,
c. P2,867.20
d. P2,689.5
determine the total amount due at the end
of 10 years?
a. P350,000.00
8. Jones Corporation borrowed P9,000
from Brown Corporation on Jan. 1, 1978,
b. P200,000.00
and P12,000 on Jan. 1, 1980. Jones
c. P250,000.00
d. P300.000.00
Corporation made a partial payment of
P7,000 on Jan. 1, 1981. It was agreed that
the balance of the loan would be
4. What is the future amount P5,000 using
amortized by two payments, one on Jan.
1, 1982, and on the other on Jan. 1, 1983,
the exact simple interest for the period
from January 5 to November 28, 1990. If
the rate of interest is 22%
the second being 50% larger than the first.
If the interest rate is 12%, what is the
amount of each payment?
5. By the conditions of a will, the sum of
9. If P5,000 is invested now at an interest
P25,000 is left to a girl to be held in trust
by her guardian until it amounts to
P45,000. When will the girl receive the
rate of 9% compounded continuously, how
much would be at the end of 8 years?
a. P9,875.8
b. P10,272.2
money if the fund is invested at 8%
compounded quarterly?
a. 72 years
b. 7.42 years
c. 8.42 years
d. 6.42 years
c. P12,072.4
d. P13,773.5
с.
10. Find the effective rate of interest for an
investment that earns 5 %% per year,
compounded continuously.
a. 75%
b. 5.65%
C. 8.74%
d. 12%

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