Complete the table, applying the concepts of Simple Interest. Show your completesolution.Principal (P)Interest Rate (r)Time (t)Maturity Value (A)(1)3.2%6 monthsP 37 000P 140 000(2)18 monthsP 157 700P 75 8008 2 %(3)P 88 600P 340 2007.3%10 years(4)P1 400 5004.4%12 years(5)

Simple interest =A =P(1+r×t)where, A = Maturity valueP=Principal amountr= Rate of interestt=Time

Answered: Complete the table, applying the…

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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Direction: Complete the table that illustrates the balance after 4 years with simple and complete interest
Use factors (from the tables) or a spreadsheet to determine the interest rate per period from the following equation: 0=-40,000 + 8000(P/IA,10) + 8000(P/F,*,15) 8.09% 13.50% 15.70% 5.04%
Please answer fast I will rate for you sure....
Write TRUE if the statement is true and FALSE if otherwise. 1. Compounding refers to the earning of interest on interest. 2. Discounting refers to the process of bringing the future back to the present. 3. The more frequently interest is compounded, the larger will be the final or terminal amount. 4. It takes longer than 8 years to retire a $24,000 loan at 8% if the annual payment is $3,000. 5. An annuity of $100 for 10 years is currently lessvaluable if interest rates are 10% instead of 12%. 6. If a person buys a stock for $10 and sells it after 10years for $20, the annual compound return is 10%. 7. Higher rates of interest are associated with greater present values. 8. If interest rates are 9 percent, an annuity of $100 for 10 years is to be preferred to $1,000 after 10 years. 9. If a bank pays 5 percent compounded semi-annually, the true rate of interest is less than 5 percent annually.
For compounding more frequently than annual, the effective interest rate Select one: a. is higher than the nominal rate b. is lower than the nominal rate c. depends on the amount borrowed 18 d. equal to the nominal rate
Pls help ASAP
Find the amount (in $) of interest and the maturity value of the loans. Use the formula MV = P + I to find the maturity value. (Round your answers to two decimal places.) Principal Rate (%) Maturity Value $145,000 15-/1/2 Time 8 months $ Interest $
b) suppose that the market interest rate is 5%. Calculate the present value of the following. Show how your answer is obtained. Calculation using a formula, not using excel. i) A fixed payment loan with annual payments of $163 that matures in three years.
H3. Show proper step by step calculation
Use factors (from the tables) or a spreadsheet to determine the interest rate per period from the following equation: 0 = −40,000 + 8000(P/A,i*,8) + 8000(P/F,i*,10)
If the interest rate is 6% and the loan amount is $10,000, how much interest would accumulate in two years, assuming simple interest and no repayments? select the correct or the closest answerQuestion 19 Select one:a.1500b.200c.1200 d.2200e.1800
Consider three alternatives A, B, and "do-nothing." (a) Construct a choice table for interest rates from 0% to 100%. Year A B 0 1-5 –$10,000 3,200 -$15,000 4,500

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Complete the table, applying the concepts of Simple Interest. Show your complete solution. Principal (P) Interest Rate (r) Time (t) Maturity Value (A) (1) 3.2% 6 months P 37 000 P 140 000 (2) 18 months P 157 700 P 75 800 8 ½ % (3) P 88 600 P 340 200 7.3% 10 years (4) P1 400 500 4.4% 12 years (5)