nstructions: Fill in the missing information Round-up the monetary figures to the next whole value Use 360 days = 1 year in computing for interest Principal Discount Rate Term Discount/Prepaid Interest Net Proceeds 150,000 10.50% 45 days ? ? Thank you so much for helping me : D

nstructions: Fill in the missing information Round-up the monetary figures to the next whole value Use 360 days = 1 year in computing for interest Principal Discount Rate Term Discount/Prepaid Interest Net Proceeds 150,000 10.50% 45 days ? ? Thank you so much for helping me : D

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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Concept explainers

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.

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Fill in the missing information

Round-up the monetary figures to the next whole value

Use 360 days = 1 year in computing for interest

Principal	Discount Rate	Term	Discount/Prepaid Interest	Net Proceeds
150,000	10.50%	45 days	?	?

Thank you so much for helping me : D

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