Answer number 4. Kindly please type the answer not handwritten. Thank you. 3. A loan of $ 1060 has been made at 6.5% for 3 months. Find the loan's future value.4. You borrowed $10,000 on a 10% discounted loan for a period of 8 months.a. What is the loan's discount?b. Determine the net amount of the money you receive.c. What is the loan's actual interest?

Mortgage/ Borrowings: A mortgage represents a credit given to the borrower by the lender for the…

Answered: 4. You borrowed $10,000 on a 10%…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Answered: The fo x b Details | bartleby x b My Questions |b x Post Altendee -2 x FA Midterm Exan X -> File | C:/Users/Wendy/Downloads/FA%20Midterm%20Exam.pdf ME6 Which of the following entries records the payment of an account payable? a) Debit Accounts Payable, credit Cash b) Debit Cash, credit Accounts Payable c) Debit Expense, credit Cash d) Debit Cash, credit Expense ME7 The process of initially recording a business transaction is called: a) Sliding b) Posting c) Journalizing d) Transposing ME8 Which of the following entries for goods sold by cash is correct? a) Cash Dr, AR Cr b) AR Dr, Revenue Cr c) Fees Earned, debit; Cash credit d) Cash, debit; Bank Cr ME9 The verification that the sum of the debits and the sum of the credits in the ledger are equal is called: a) A journal b) A ledger c) Posting Type here to search

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4. You borrowed $10,000 on a 10% discounted loan for a period of 8 months. a. What is the loan's discount? b. Determine the net amount of the money you receive. c. What is the loan's actual interest ?