A company borrowed 10,000 by signing a 180-day promissory note at 9%. The maturity value of the note is what?
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- A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383A company borrowed $10,000 by signing a 180-day promissory note at 11%. The maturity value of the note is: (Use 360 days a year.)7. A company borrows US dollars at 5.1% for 183 days and then at maturity refinances the principal and interest at 5.3% for a further 92 days. What is the simple cost of borrowing over the 9 months?
- A company borrows $100,000 with interest at j₁2 = 9%. The loan is to be amortized by monthly payments of $1550 for as long as necessary. A final smaller payment will be calculated so the loan will be exactly repaid. The outstanding balance immediately after the th th 88 payment is $796.44. What is the value of the 89" and final payment? O A. $790.51 B. $796.44 C. $802.41 D. $808.43An investor purchases a 90-day bank bill with a face value of $1 million at 4.88%. Calculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55%.David’s bank offers a 36-month Certificate of Deposit (CD) with an APR of 2.25%. Use the compound interest formula to answer the following:a) If P = 2000, what is A(8)?b) Solve the equation A(t) = 4000 for t.c) What principal P should be invested so that the account balance is $2000 in three years?
- An investor purchases a 90-day bank bill with a face value of$1million at4.88% . Caliculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55% .A company has accounts payable of P5,000,000 with terms of 2% discount within 15 days, net 30 days (2/15, net 30). It can borrow funds from a bank at an annual rate of 12%, or it can wait until the 30th day when it will receive revenues to cover the payment. If it borrows funds on the last day of the discount period in order to obtain the discount, its total cost will beSuppose a company borrowed $1 million at a rate of 9% simple interest, with interestpaid at the end of each month. The bank uses a 360-day year. How much interestwould the firm have to pay in a 30-day month? What would the interest be if thebank used a 365-day year? [(0.09/360) (30) ($1,000,000) 5 $7,500 interest for themonth. For the 365-day year, (0.09/365)(30)($1,000,000) 5 $7,397.26 of interest.The use of a 360-day year raises the interest cost by $102.74, which is whybanks like to use it on loans.]
- Suppose a company invests in a $50,000 United States Treasury bill at 3.35% interest for 28 days. The bank through which the bill is purchased charges a service fee of $15. What is the cost of the Treasury bill? (whole number)A firm charges its credit customers 1.67% interest per month. What is the effective interest rate?If you borrowed P10,000 from a bank with 18% interest per annum, what is the total amount to be paid at the end of one year?