fadymanugacturing engineer foaned15; 060 in the pank fr fue 'exeriron of 'heragreed that she wift poyE.Qn May go, 2012 agouing induspy t 'was fueol fugurt fo 2012.Amamf with Yo rate of infereltWhat' k the ordinany imple infartst 4be paid?

Ordinary simple interest is calculated as under: = (Principal × Rate × Time) ÷ 100

Answered: E-QMMay 50.2012 a fady manugacturing…

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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Red Company invested $20,000 in a fund that was earning interest at a rate of 3.00% compounded semi-annually. After 2 years and 9 months, the company transferred these funds to another investment that was earning interest at 5.50% compounded monthly.
ms/d/e/1 AlpQLSc5SjbreWzCO yZPB3S2KWa9rUU-y0qkfRTKB8PKub7CTYBJA/formResponse re Math | Ad. S New Tab Choose the correct answer 1. Sa ah now has $2,000. How much would she have after 2 years if she leaves it invested at 2% with annual compounding? * O a $2,081 O b) $2,800 O o $2 900 O d) $245 O ey None of the abovel 2. If you deposit $1500 inlbank account that pays 10 interest annually, how long will it take to double your money :
Find the ordinary interest on 28,700 pesos at 7.3% in 156 days. A. PhP. 907.88 B. PhP. 904.88 C. PhP. 901.88 Answer:
12.ABC Co received from a customer a 5-year non-interest bearing note of P120,000 on Jan 1, 20X1. Effective rate is 12% and due on Dec 31, 20X5. PV of P1 at 12% for 5n = .56743 PV of an ordinary annuity of P1 at 12% for 5n = 3.60478The note would be initially recorded on Jan 1, 20X1 at: 120,000 86,515 68,092
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H M 9Ro-a s re raa troese db ato a6411 6alo 5a,1908ecrcase 6. Lonnie needs extra money to buy a truck to start up a delivery service. He takes out a simple interest loan for $6000.00 for 5 months at a rate of 6.25%. (a) How much interest must he pay? (b) What is the future value of the loan? (Round to the nearest penny - hundredth place. For example $123.46) (9)1 08h Nam 909 PXRXT Ttr stPrice x 12 ute as a deumut Y time Cyeus 2 b00 0040.0635 x 0.41666- 600 01t 0.068 X 7. G156 250125 2100 GISG 6) 15 6,as must pay uuc i5,7suinaret A= Lunnc Intre t roid (Is6.as furd ed to nurd retks pie e la ce
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E-QMMay 50.2012 a fady manugacturing engineer loaned 5, 000 in fhe pank fr the expainon of'her grouing industy A'vas agred that she wifl pay fho Amount with what' x the ordinany simple infertut p"be paid? h 6 % rate of inferelt Auguit fo, ko12.