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. $2,3837. 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?-The amount of P20,000.00 was borrowed from a lending investor at an interest rate of 5% per month. How the interest is he going to pay at the end of 10months? -Determine the exact simple interest of P5,000 for the period of Jan 15 to Nov 28, if the rate of interest is 22%?
- Suppose that a company borrows 20,000 for 1 year at a stated rate of interest of 9 percent. What is the annual percentage rate (APR) if interest is paid to the lender in annually? semiannually? quarterly?Your year end is December 31. You lent $120,000 to another company on Oct 1. If the interest rate is 4%, what is the amount of interest receivable for the current year (rounded to the nearest whole dollar)?Your business requests a 3-month loan for $450,000. What will be the interest paid at the end of the term if the business risk percentage is assessed at 2.2% and LIBOR is at 1.8%? interest paid = $ [?] Round to the nearest hundredth. Enter
- a) Assume that you deposit 1,000 TL in an account earning 13% annual interest for 3 months. What is the interest earned at the end of the 3rd month? b) Assume that you deposit 1,000 TL in an account earning 20% annual interest for 2 years. What is the accumulated interest at the end of the 2nd year? c) Please calculate how large deposit of 10,000 TL today will become at a compound annual interest rate of 10% for 5 years? d) Assume that you need 1,000 TL in 2 years. How much would you need to deposit today at a interest rate of 7% compounded annually? e) You can make an investment that will pay you 50 TL every year starting at the end of this year for the next five years and 1,000 TL at the end of the five years. If you require a 12% return, how much should you be willing to pay for this investment?Suppose an investor plans to make monthly deposits into an account that pays 9% interest, compounded monthly, so that $100,000 will be in the account immediately after the payment at the end of Year 10. The first payment will occur at the end of Month 1 (one month from the present). How much must be deposited monthly? a. $19,351,700 per month b. 517 per month c. 6,580 per month d. 9,670 per monA 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?HelpXYZ Bank pays simple interest of 2% with quarterly compounding for deposits in their savings account. Assume that a deposit of $1,000 is made on the first day of the quarter and another $2,000 is made on the 30h day. A $900 withdrawal is made on the 60th day. What is the interest earned in the savings account for the quarter using the LIFO method? Assume 360 days in a year.