December? (b) How of 4.5% until the end of (a) What is the amount in the at the end of 23. Jacob had a of on 1. The earns interest at a rate

Q: ordinary interest

A: Introduction: The calculation of simple interest generally involves two ways. One is ordinary…

Q: 3. For payments shown in the following table, and assuming the interest rate (10%), what is the five…

A: Present value is the discounted value of money considering the interest rate and time of annual…

Q: Suppose you are borrowing $25,000 and makingmonthly payments with 1% interest. Show that themonthly…

A: Borrowings are the liability of the company which is used to finance the requirement of the funds.…

Q: Mr X borrowed P100k at 5% per month payable in 60 equal end the month payments. a). How much of the…

A: Loan Amount           P 1,00,000.00 Time Period (Months) 60 Interest rate (Months) 5%

Q: Complete the following without using Table 12.1. Principal  $575, Time 1 year, Rate 4%, Compounded…

A: Calculation of period used: Answer: Number of periods compounded is 4. Given information: Principal…

Q: What rate of interest did you earn for a period of 2417 days if you invested $175 and you earned…

A: The correct answer is: (D) 19.16%  To calculate the rate of interest, you can use the formula Rate =…

Q: 24. Rhonda Lee deposited $2.000 in a savigns accoutn that earns 5% interest compounded quarterly.…

A: Here in this question, we are required to calculate the interest income amount and ending balance of…

Q: What nominal rate of interest compounded semi-annually can be used instead of 10 % comp. monthly…

A: We need to determine the effective annual rate that would equal the 2 compounding methods. The…

Q: On a 365-day basis, using a trade credit terms of 2/10, net 30, and payment is made on the twentieth…

A: In case of trade credit, 2% discount is being given if payment is made till 10th day.

Q: Which of the following gives the smallest annual interest if 1 year is 365 days?     10.20% APR…

A: The EAR refers to the rate at which an investment earns interest after the effects of compounding…

Q: ics 3 parts (6-8) Calculate the yearly effective interest rate if an investment is paid 2% interest…

A: Effective interest rate is the rate of interest earned by the investor yearly. If the investor…

Q: Security A and security B both provide semi anual payment of 89 over 5Year. the annual rate of…

A: There are two types of annuity  Deferred annuity  Annuity due Deferred annuity means cash flow…

Q: A man borrows $200 at a 3% interest compounded monthy. If he pays the loan off at the end of 7…

A: The present value is the value of the sum received at time 0 or the current period. It is the value…

Q: Ludwig borrowed $8,000 on July 20, at 11% interest. If the loan was due on October 17, what was the…

A: Step 1 A percentage of the principal, or the amount loaned, is what a lender charges a borrower as…

Q: ed at an annual rate c ona. What amount sh wear for 30 years aften

A: LU 13-2a 1.Present value is the amount of money which we invest today. Since it is semi annually so…

Q: How much amount should an investor deposit in an account earning a continuously compounded interest…

A: Time Value of Money states that a dollar today is worth more than anytime in the future. This is…

Q: much do ten P 6,945 quarterly payments amount nterest rate is 3 compounded quarterly if payments y…

A: In this we have to find present value FACTOR and than we can find present value.

Q: On January 1, you deposit K100 in an account that pays a nominal interest rate of 11.33463%, with…

A: Computation:

Q: Exercise 9-4 Interest-bearing notes payable with year-end adjustment Keesha Co. borrows $230,000…

A: Answer 1) Calculation of maturity date of notes payable Maturity date of note = Issue date of note +…

Q: What is the future value on December 31, Year 5, of a deposit of $10,000 made on January 1, Year 2,…

A: The future value (FV) is a financial concept that represents the value of a sum of money at a…

Q: On a 36-day basis, ir payment is made on the twentieth day under trade credit turms of 2/10, net 30.…

A: Liability: Liability is an obligation of any business. It is an amount borrowed by a business from…

Q: What rate of interest compounded annually is the same as the rate of interest of 6% compounded…

A: Concept . A = P (1+R)n  Where A = amount avaliable after compound interest. P = principal amount. R…

Q: An investment that earns intrest: Any amount deposited does not earn interest for the first month…

A: Value in July is $2,000 To Find: Value of P

Q: OAL S.53 ORL101.106.22 OD The comect anwer iot shown here OL1430.57034

A: Loans are amortized by equal payments over the period of loan.

Q: A loan of P15 000 is taken out. If the interest rate on the loan is 7%, how much interest is due…

A: Notes Payable - Notes Payable is the liability for the company which needs to be paid after a fixed…

Q: 1. For each of the following, calculate the interest rate per compounding period (i): a. 4% per year…

A: A compounding period refers to the time period from when the interest was compounded lastly to the…

Q: What is the rate of interest if P40000 earned interest of P1200 in 140 days? (А) 2% (в) 7.82% c)…

A: Principal amount = P40000 Interest amount = P1200 Period = 140 days = 140/365 = 0.383561643835616

Q: 23. Amanda deposited $5, 600 into a savings account that earns 3.5% interest compounded daily. Find…

A: The future value of the deposit can be calculated with the help of future value function. The…

Q: What is the principal amount that will earn interest of RO 18.20 at 3.25% in 2 years? a. RO 200 b.…

A: Principle amount is the actual loan amount that is borrowed by the borrower on which interest is…

Q: Find the exact interest and the final amount due on  P 12,350 at 11 % for 150 days, using ordinary…

A: Simple interest = Principal * Rate * Time Simple interest = P 12,350 * 0.11 * 150/365 Simple…

Q: calculate the periodic rate of interest (i) in the following case: 3.6% p.a compounding semi…

A: An interest method in which current interest is computed by multiplying the interest rate by the sum…

Q: A dealer quotes a customer 7.35% to borrow for one

A: Solution:   Here we have to use effective rate of interest formula. First we will use current 7.35%…

Q: If the interest rate is stated as 2.2% per 6 months compounded continuously, the effective annual…

A: Here, Interest Rate Per 6 Month is 2.2% Therefore, Annual Interest Rate is: =2.2% ×2=4.4%…