2. Catherine receives $12,000 from Linda and repays it by paying $5,000 at the end of 2 years and $10000 at the end of 4 years. Compute the rate of return. (A) 6.9895 (B) 7.9895 (C) 8.9895 (B) (C) (D) (三) (D) 9.9895 (E) None of the above

Jose owned Pedro the sum of P 5,000 due on Dec. 31, 1975 and P 6,000 due on Dec. 31, 1998. However Jose was unable to pay as agreed and was allowed to make a payment of P 8,000 on Dec. 31,2000 and a final payment of P 5,380 on Dec. 31, 2001. Determine the annual rate of interest on this payment?   Pls show written solution with cashflow diagram

Jose owned Pedro the sum of P 5,000 due on Dec. 31, 1975 and P 6,000 due on Dec. 31, 1998. However Jose was unable to pay as agreed and was allowed to make a payment of P 8,000 on Dec. 31,2000 and a final payment of P 5,380 on Dec. 31, 2001. Determine the annual rate of interest on this payment?

Jerry and Ann paid the following amounts during the current year: Interest on automobile loan $1,500 Interest on bank loan (proceeds were used to purchase municipal bonds) $5,000 Qualified home mortgage interest $3,150 What is the maximum amount they can use as interest expense in calculating itemized deductions for the current year? a.$6,500 b.$3,150 c.$8,150 d.$4,650 e.None of these choices are correct.

[The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) b. Assuming year 1 is 2021, how much interest would the Sanchezes deduct in year 2? Maximum deductible interest expense

Required information [The following information applies to the questions displayed below.] Javier and Anita Sanchez purchased a home on January 1 of year 1 for $1,000,000 by paying $200,000 down and borrowing the remaining $800,000 with a 6 percent loan secured by the home. The Sanchezes made interest-only payments on the loan in years 1 and 2. (Leave no answer blank. Enter zero if applicable.) d. Assume year 1 is 2021 and by the beginning of year 4, the Sanchezes have paid down the principal amount of the loan to $500,000. In year 4, they borrow an additional $100,000 through a loan secured by the home in order to purchase a new car. The new loan carries a 7 percent interest rate and is termed a “home equity loan" by the lender. What amount of interest can the Sanchezes deduct on the $100,000 loan? Maximum deductible interest expense

mn.3

Suppose Ryan receives a CRA instalment reminder for the first quarter of the current year in the amount of $2,700. Ryan does not make any instalment payments during the current year. Ryan will not owe interest for a late instalment Choose the correct answer. O A. if Ryan has little to no income in the current year and his estimated taxes owing is $0 O B. if his taxes owing for the current year are $6,400 and his taxes owing for the previous year were $5,400 O C. if his taxes owing for the current year are $7,400 and his taxes owing for the previous year were $8,400 O D. regardless of any other facts

H2). I only need required B and C Please and thank you!

Subject: accounting