The exact interest on $36,700 at 6-% for 138 days is S (Round to the nearest cent.)
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- Find the maturity value on $3,372 at 6.7% simple ordinary interest for 155 days. (use 2 decimal places)17. Compute the rate (in %) for the loan. Round answers to the nearest tenth of a percent; use ordinary interest when time is stated in days. Principal Rate (%) Time Interest $54,000 % 60 days $864Determine the simple interest. p = $1137.94, r = 1-% per month, t = 6 months 4 3 The simple interest on $1137.94 at 1-% per month for 6 months is $ 4 (Round to the nearest cent.)
- Using the ordinary interest method, find the amount of interest on a loan of $5,000 at 12 % interest, for 274 days. (Round to the nearest cent.) 2 O $380.56 O$469.18 O $475.69 O $575.00What is the ordinary interest on P1,350.75 for 163 days at 3.5%?What is the ordinary interest on P1,350.75 for 163 days at 3.5%? php?
- A debt of P3,500 is to be amortized by 6 equal semiannual payments with interest at 6%compounded semiannually, Find the periodic payment, (Use two decimal point)What is the rate of interest on a loan of $2,000, for 282 days, if the amount of interest is $139.07, using the exact interest method? (Round your answer to the nearest tenth percent.) O 7.0% 8.9% 9.0% O 14.2%Journal Entries (Note Received, Renewed, and Collected) Jan. Received a 30-day, 6% note in payment for merchandise sale of $20,000. 16 Feb. Received $100 (interest) on the old (January 16) note; the old note is renewed for 30 15 days at 7%. Mar. Received principal and interest on the new (February 15) note. 17 19 Received a 60-day, 6% note in payment for accounts receivable balance of $8,000. May Received $80 (interest) plus $1,000 principal on the old (March 19) note; the old note 18 renewed for 60 days (from May 18) at 6%. July Received principal and interest on the new (May 18) note. 17 Prepare general journal entries for the transactions. Assume 360 days in a year. Page: 1 ACCOUNT TITLE DOC. POST. NO. REF. DATE DEBIT CREDIT 20-- 1 Jan. 16 3 4 Feb. 15 4 6 7 8 9 Mar. 17 9 10 10 11 11 12 12 13 Mar. 19 13 14 14 15 15 16 May 18 16 17 17 18 18 19 19 20 20 21 July 17 21 22 22 23 23 24 24 in
- Convert 6.66% compounded monthly to an equivalent interest rate compounded quarterly. Round EFF to four decimal places, round NOM (2) to two decimal places. C/Y (1) 12 NOM (1) 6.66 NOM (2) % % EFF % Enter an integer or decimal number [more..] (4 decimal places) C/Y (2)A $133500 loan is repaid by 20 payments of $6500 each at the begin of quarter, followed by 17 payments of $5800 each at the begin of quarter. What interest rate il is being charged ? Answer: 14.06%Determine the simple interest. 7 p=$1184.81, r=1- % per month, t = 4 months 10 7 The simple interest on $1184.81 at 11 -% per month for 4 months is 10 (Round to the nearest cent.)