Please do it on an excel sheet so i can see how to do it 5. A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank inThailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the effectiveinterest rate.

Effective interest rate (EIR) states the actual annual yield of the investment which is gained due…

A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a banl Thailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the effective interest rate.

A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a banl Thailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the effective interest rate.

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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Please do it on an excel sheet so i can see how to do it

5. A Malaysian electric company requires proceeds of $720,000 (local currency) and borrows from a bank in
Thailand at a 12%, discount rate for 45 days. Find (a) the face value of the note and (b) the effective
interest rate.

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