The interest charged on a $392000 note payable, at the rate of 6%, on a 60-day note would be (Use 360 days for calculation.) $11760. $23520. $5880. $3920.

Q: A non-interest bearing promissory note has a face value of $950. Find the proceeds of this note if…

A: Face  value (F) = $ 950 Annual interest rate = 8% Quarterly interest rate (r) = 8%/4 = 2% Period =…

Q: How do I calculate the discount factor on a zero interest bearing note? 600,000 12% interest for 3…

A: The formula for calculating the discount factor is given below:

Q: A 102-day note for $85 bears simple interest at 4.5% and is sold 22 days before maturity to a bank…

A: Notes Receivables: It is possible to get a note receivable by writing a promise to receive a…

Q: The interest on a $27000, 15%, 1-year note receivable is $31050. $228. $270. $4050.

A: The note receivable is an asset for the business.

Q: ivanhoe ltd receives a $86000,zero interest bearing note. the present value of this note is $72024.…

A: Notes are financial instruments representing a promise to pay a specified amount of money at a…

Q: Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400 what is the…

A: Interest is calculated on the principal amount borrowed by the business.  In the given case if…

Q: Assuming a 360-day year, when a $9,300, 90-day, 6% interest-bearing note payable matures, total…

A: Note payables means an instrument acknowledging the debt due from company to outsider after certain…

Q: A promissory note is a written statement agreeing to pay a sum of money either on demand or at a…

A: Promissory notes are like notes payable. Here the issuer of the note promises to pay the other party…

Q: For a two note payable of $10,000 at 6% interest, what is the total amount paid back?

A: Notes payable form a part of liabilities of the company and pertain to the obligations of the…

Q: Assuming a 360-day year, when a $17,100, 90-day, 8% interest-bearing note payable matures, total…

A: The note payable is issued to creditor as a promise to pay in future.

Q: The interest charged on a $420000 note payable, at the rate of 6%, on a 60-day note would be

A: Interest expenses = Notes payable amount * Rate * Days / 365

Q: A 62-day note for $115 bears interest at 5.75% and is sold 26 days before the due date to a bank…

A: Following are the proceeds 62-day Promissory Note is for $ 115  Simple Interest rate = 5.75%…

Q: A non-interest bearing note has a face value of $3000. The note is due 96 days from today. Money is…

A: Face value of non-interest bearing note = present value of the note + Interest

Q: The interest charged on a $88000 note payable, at the rate of 6%, on a 60-day note would be (Use 360…

A: When borrower takes a loan then he has to pay some amount of money this is called interest.

Q: The maturity value of a $586000, 168-day, 7.3% note receivable is (two decimals):

A: Interest on Note = Face value of notes x rate of interest x no. of days / 365 = $586000 x 7.3% x…

Q: Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total…

A: The term note payable refers to the promissory agreement between two parties in which one party…

Q: The face value of a simple interest note and bank discount note is $8,000each. Assume both notes…

A: “Hey, since your question has multiple sub-parts, we will solve first three sub-parts for you. If…

Q: The interest charged on a $350,000 note payable, at the rate of 6%, on a 60-day note would be Group…

A: Notes Payable: Notes payable is a debt agreement between two parties. Under this agreement, a…

Q: Calculate the amount of interest to be charged on a $12,000, 8.5%, 90-day interest-bearing note.

A: Amount of interest  = Face value of note x rate of interest x no. of days / 360 days

Q: Calculate the interest on a 270−​day, 11​% note for $50,000. ​(Use a 365−day

A: Solution: Interest = principal amount * interest rate * days / 365

Q: interest charged on a $222000 note payable, at the rate of 6%, on a 90-day note would be (Use 360…

A: 222,000 × 6% = $ 13,320    13,320 / 360×90 = $3330  As the interest rate is 6% (given)

Q: Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total…

A: Given, Face value of note = $11,200 Interest rate = 5%   Total payment = Face value + Interest…

Q: An interest-bearing note for 118 days at 6.4% p.a. simple interest has a face value of $4053. If the…

A: Notes are issued to discount that is interest and number of days to maturity of note. Proceeds from…

Q: Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400, and the cash…

A: The calculation of actual interest rate on the note is shown hereunder : Interest cost  RO 400 Cash…

Q: The interest charged on a $98000 note payable, at the rate of 6%, on a 4-month note would be O…

A: Solution: Interest charged = Amount of Note * interest rate * 4/12 = 98000 * 6% * 4/12 = $1960

Q: The interest charged on a $234000 note payable, at the rate of 6%, on a 90-day note would be (Use…

A: Note​ payable: Note​ payable is also referred as promissory note. In this, borrower obtains a…

Q: The interest on a $3,000, 10%, 180-day note receivable is (assume 360 days per year} $150 $3,300…

A: The financial position of the company can be arrived from the income statement prepared by the…

Q: The interest charged on a $630,000 note payable, at the rate of 10%, on a 60-day note would be?

A:

Q: Is the interest on a 6%, 60 day note for 5,000, 300?

A: Interest on Note = Amount of Note x rate of interest x days/365 days

Q: is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the Multiple…

A: Total interest = $1,620 Note receivable = 54,000 Time = 9 month Annual rate of interest = ?

Q: The interest on a $29000, 6%, 90-day note receivable is

A: Note​ Receivable: Note​ receivable is an instrument gives the holder right to receive the amount…

Q: The face value of a single discount note is $12,000. The discount is 6½% for 90 days. Use ordinary…

A: “Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…