Find the compound amount for the following certificate of deposit. Assume daily compounding.AmountDepositedInterestRateTimein YearsCompoundAmount$30004%2$Click the icon to view the compound interest table for time deposit accounts,Complete the table below.Amount InterestDeposited Rate$30004%2(Simplify your answer. Round to the nearest cent as needed.)Table for Time Deposits Accounts Compounded DailyNumberof Years1234Time Compoundin Years Amount5010Compound Interest for Time Deposit Accounts Compounded Daily1%2%3%1.01005003 1.02020078 1.030453261.02020106 1.04080963 1.061833931.03045411 1.06183480 1.094170241.04081020 1.08328469 1.127491291.05127038 1.10516789 1.16182708 1.22138937 1.284003431.10516940 1.22139607 1.34984217 1.49179200 1.648664811.17350058 1.22138603Print4%5%1.04080849 1.051267501.08328232 1.105163351.12748944 1.16182231DoneNumberof Years134510. X-

The amount that a present investment will gain in value over time when kept in a compound interest…

Answered: Find the compound amount for the…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Calculate the due date, interest due, and maturity value of the following notes: Date of Note Face Amount Interest Rate Term of Note Due Date Interest Due Maturity Value a. 24-Apr $70,000 3% 60 days b. 13-Jul 30,000 5% 120 days c. 9-Aug 40,000 4% 45 days d. 12-Sep 60,000 8% 90 days e. 5-Nov 50,000 6% 30 days
Please only answer the amount fields. Thank you
Determine the due date and the amount of interest due at maturity on the following notes: Date of Note Face Amount Interest Rate Term of Note a. January 10* $40,000 5% 90 days b. March 19 18,000 8 180 days c. June 5 90,000 7 30 days d. September 8 36,000 3 90 days e. November 20 27,000 4 60 days *Assume that February has 28 days. Assume 360-days in a year when computing the interest. Note Due Date Interest a. $fill in the blank 2 b. fill in the blank 4 c. fill in the blank 6 d. fill in the blank 8 e. fill in the blank 10
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Determine Due Date and Interest on Notes Determine the due date and the amount of interest due at maturity on the following notes. When calculating interest amounts, assume there are 360 days in a year. Round intermediate calculations to 4 decimal places, and round your final answers to the nearest whole dollar. Date of Note Face Amount Interest Rate Term of Note a. January 15 $73,400 11 % 30 days b. April 1 17,375 13 90 days c. June 22 31,500 12 45 days d. August 30 23,265 10 120 days e. October 16 12,530 12 50 days Due Date Interest Due at Maturity a. $fill in the blank 2 b. $fill in the blank 4 c. $fill in the blank 6 d. $fill in the blank 8 e. $fill in the blank 10
Subject : Accounting
The Gonzalez Group issued $900,000 of 11% bonds on June 30, 2024, for $977,220. • The bonds were dated on June 30 and mature on June 30, 2044 (20 years). • The market yield for bonds of similar risk and maturity is 10%. • Interest is paid semiannually on December 31 and June 30. Required: 1. to 3. Prepare the journal entries to record their issuance by The Gonzalez Group on June 30, 2024, Interest on Dec and interest on June 30, 2025 (at the effective rate). Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. View transaction list Journal entry worksheet 3 < 1 2 Record the issuance of the bond on June 30, 2024. Note: Enter debits before credits. Date June 30, 2024 Cash General Journali Bonds payable Premium on bonds payable Debit 977,220 Credit 900,000 77,220 Prev D 3 of 11 www www Next
Gg.101.
Please tell me what the how this would be recorded in a journal entry: accounts/and amount. Record the interest of $400 on a note receivable that was earned at year-end, although collection of the interest is not due until the following year.

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Find the compound amount for the following certificate of deposit. Assume daily compoundings Interest Time Compound Amount Rate in Years 4% 2 $ Click the icon to view the compound interest table for time deposit accounts. Amount Deposited $3000