Question

2. Compute the missing amounts. Use the 365-day year. Round to nearest dollar. Principal Interest rate...

2. Compute the missing amounts. Use the 365-day year. Round to nearest dollar.

Principal Interest rate Duration Interest Maturity Value

A. $ 6,000 12% 3 months __________ _____________

B. $20,000 9% 90 days __________ _____________

C. _________   6% 30 days __________   $18,089

D. $16,000 ________ 6 months $640 ____________

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Question 2 Compute the unknowns for the following transactions dealing with interest on notes receivable. 365...
Question 2 Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest dollar. Principal Rate Interest Duration Interest Value Maturity $10,000 10% 120 days E G $25,000 12% C $2,515 H A 6% 180 days $2,959 I $50,000 B 60 days $493 J $36,000 9% D F $36,710
Question 2    Compute the unknowns for the following transactions dealing with interest on notes receivable....
Question 2    Compute the unknowns for the following transactions dealing with interest on notes receivable. 365 days per year. Round your answers to the nearest dollar. Principal Rate Interest Duration Interest Value Maturity $10,000 10% 120 days E G $25,000 12% C $2,515 H A 6% 180 days $2,959 I $50,000 B 60 days $493 J $36,000 9% D F $36,710
Compute the missing amount for each of the following notes: Principal Annual Interest Rate Time Total...
Compute the missing amount for each of the following notes: Principal Annual Interest Rate Time Total Interest (a). $40,000 10% 2.5 years ?? (b). $120,000 ?? 9 months $7,200 (c) ?? 10% 90 days $1,500 (d). $40,000 9% ??   $1,200
16. Equity Financial Corp. discounted the following two interest-bearing notes. Compute the missing information (use a...
16. Equity Financial Corp. discounted the following two interest-bearing notes. Compute the missing information (use a 360-day year). a. Face Value $6,800 b. Face Value $3,000 Date of Note April 16 Date of Note October 28 Interest Rate 10% Interest Rate 9% Time to Run 105 days Time to Run 45 days Discount Date May 31 Discount Date November 12 Discount Rate 15% Discount Rate 12% Interest Amount Interest Amount Maturity Value Maturity Value Maturity Date Maturity Date Days of...
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of...
Maturity Dates of Notes Receivable Determine the maturity date and compute the interest for each of the following notes: (Use 360 days for interest calculation. Round to the nearest dollar.) Date of Note Principal Interest Rate Term a. August 5 $12,000 8% 160 days b. May 10 33,600 7% 130 days c. October 20 48,000 9% 85 days d. July 06 9,000 10% 100 days e. September 15 18,000 8% 115 days Maturity Date : Month ,Day ,Interest $.
Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as...
Compute any interest accrued for each of the following notes payable owed by Penman, Inc., as of December 31, 2015 (use a 365-day year): Lender Issuance Date Principal Interest Rate (%) Term Nissim 11/21/2015 $26,000 10% 120 days Klein 12/13/2015 22,000 9% 90 days Bildersee 12/19/2015 24,000 12% 60 days Round your answer to two decimal places. Nissim Answer Klein Answer Bildersee Answer
b. Compute the amount of the bond interest expense for the first year. Round amounts to...
b. Compute the amount of the bond interest expense for the first year. Round amounts to the nearest dollar. Annual interest paid $ Discount amortized Interest expense for first year $ Amortize Discount by Interest Method On the first day of its fiscal year, Ebert Company issued $21,000,000 of 5-year, 11% bonds to finance its operations. Interest is payable semiannually. The bonds were issued at a market (effective) interest rate of 13%, resulting in Ebert receiving cash of $19,490,429. The...
Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by...
Accrued Interest Payable Compute the interest accrued on each of the following notes payable owed by Northland, Inc., on December 31: Use 360 days for calculations and round the nearest dollar. Lender Date of Note Principal Interest Rate (%) Term Maple November 21 $21,000 10% 120 days Wyman December 13 17,000 9% 60 days Nahn December 19 19,000 12% 90 days Lender Accrued Interest Maple $Answer Wyman Answer Nahn Answer
find the the vaule of the annuity and the interest round to the nearest dollar. periodic...
find the the vaule of the annuity and the interest round to the nearest dollar. periodic deposit: 10,000 at the end of every three months rate: 6.25% compounded quarterly time: 6 years
On December 1, Klien Corporation accepted a 120​-day, 6​%, $14,600 note receivable from J. Silverthorn in...
On December 1, Klien Corporation accepted a 120​-day, 6​%, $14,600 note receivable from J. Silverthorn in exchange for his account receivable. 1. Journalize the transaction on December 1. 2. Journalize the adjusting entry needed on December 31 to accrue interest revenue. Round to the nearest dollar. 3. Journalize the collection of the principal and interest at maturity. Specify the date. Round to the nearest dollar. Date Accounts and Explanation Debit Credit Dec. 1 Requirement 2. Journalize the adjusting entry needed...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT