can someone help pls with number 7
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![Solution: Jean owes $1000 due in 4 years thus, 1,000 (1 + (0.06) (4)] = 1240 Jean owes $9000 due in 9 years thus, 9,000 [1 +](http://img.homeworklib.com/questions/d96f77a0-737d-11ea-8a1b-2d636885894e.png?x-oss-process=image/resize,w_560)
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can someone help pls with number 7
1000 (+ 0.097 (185) 1045.616438 365 b. What is...
question 6,7 6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9%...
question 6,7
6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9% is signed on January 12 2018. After 62 days, it is sold to a finance company that charges a simple discount of 6%. a. How much does the finance company pay for the note? b. What is the simple interest rate of return that the finance company earns on its investment if it holds the note until its maturity? 7. (6 Marks) Jean owes...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August 30 and $600 on September 29. Find the balance on October 29 of the same year. A man owes $100, due in two months, and $400, due in eight months. His creditors have agreed to settle his debts by two equal payments in four months and ten months, respectively. Find the size of each payment if the rate of interest is 6% and the...
Module 4 Hand- in Assignment a. 1. You deposit $1000 into a bank account that pays...
Module 4 Hand- in Assignment a. 1. You deposit $1000 into a bank account that pays 10% simple. How much interest would you earn if: You left the money in for 6 years. b. You left the money in for 9 months. c. Your deposit was on April 6 and you withdrew the money on December 23 the same year d. You made a deposit October 28, and withdrew the money September 21, the next year. 2. 18 months ago...
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100....
1.Next summer you are planning a trip to Ibiza that will set you back roughly $4100. You have decided to put money aside starting November 30th 2012, with additional, equal payments on February 28th 2013 and May 31st 2013. You wish to have the total sum of the required money for July 31st 2013. Assuming that only the three equal payments are made, how large should the payments be if you earn a simple interest rate of 5%? 2. 5...
Pls help me out:) WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for...
Pls help me out:)
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidiurn Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $124,000 by signing a mortgage payable at an annual interest rate of 8%. The mortgage is repayable over 5 years in annual instalments, due each Jure 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also...
I'm having a hard time to answer the ammortizafion table. Someone help me pls On January...
I'm having a hard time to answer the ammortizafion table.
Someone help me pls
On January 1, 2020, Flounder Corporation issued $553,000 7% bonds that are due in 11 years. The bonds were issued for $597,066 and pay interest each July 1 and January 1. The company uses the effective interest method. Assume an effective rate of 6% (a) Your answer is correct Prepare Flounder Corporation's journal entry for the January 1 issuance. (Credit account titles are automatically indented when...
of the payment, and (b) the amount of interest? what was the amount of the original...
of the payment, and (b) the amount of interest? what was the amount of the original loan? 1.19 A medium-size consulting engineering firm is try-1.28 A start-up company with multiple nanotechnology ing to decide whether it should remodel its office now or wait and do it one year from now. If the firm does it now, the cost will be $38,000. The interest rate is 10% per year. a. What would the cost have to be one year from products...
Can anybody help me with these questions pls Questions 1-10 are based on the following information....
Can
anybody help me with these questions pls
Questions 1-10 are based on the following information. Bond valuation. On Jan. 1. 2008, your cousin, Laura, purchased one 3-year semiannual bond with a coupon rate of 8%. The yield of the bond was at the time 1. How much did Laura pay for the hond a. 974.21 b. 974,69 c. 1.000 d767.90 2. This bond was a a discount bond b. premium bend c. par band d. all of the above....
PROBLEMS 1 1. 2. What is the present worth of January 1, 1968 of $1295 on...
PROBLEMS 1 1. 2. What is the present worth of January 1, 1968 of $1295 on January 1, 1975, if interest is at 6%? How much would you have to invest at 6% interest on January 1, 1975 in order to accumulate $1.850 on January 1, 19817 3. If 1000 ($) is invested at 6% compound interest in January 1, 1971, how much will be accumulated by January 1, 1981? 4. What is the present value of a series of...
deposit today 25,000 value 10 years from today 50,000 r please help with nuimber 6, but...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
question 6,7
6. (4 marks) A 182-day promissory note for $1000 with simple interest at 9% is signed on January 12 2018. After 62 days, it is sold to a finance company that charges a simple discount of 6%. a. How much does the finance company pay for the note? b. What is the simple interest rate of return that the finance company earns on its investment if it holds the note until its maturity? 7. (6 Marks) Jean owes...
Un July 1, a man borrowed $2000 at 6% simple interest. He paid $500 on August 30 and $600 on September 29. Find the balance on October 29 of the same year. A man owes $100, due in two months, and $400, due in eight months. His creditors have agreed to settle his debts by two equal payments in four months and ten months, respectively. Find the size of each payment if the rate of interest is 6% and the...
Module 4 Hand- in Assignment a. 1. You deposit $1000 into a bank account that pays 10% simple. How much interest would you earn if: You left the money in for 6 years. b. You left the money in for 9 months. c. Your deposit was on April 6 and you withdrew the money on December 23 the same year d. You made a deposit October 28, and withdrew the money September 21, the next year. 2. 18 months ago...
Pls help me out:)
WileyPLUS Problem 10-7 Stacy Button has just approached a venture capitalist for financing for her new business venture, Skidiurn Corporation, the development of a local ski hill. On July 1, 2018, Stacy borrowed $124,000 by signing a mortgage payable at an annual interest rate of 8%. The mortgage is repayable over 5 years in annual instalments, due each Jure 30. The first payment is due June 30, 2019 and the ski hill company's year-end will also...
I'm having a hard time to answer the ammortizafion table.
Someone help me pls
On January 1, 2020, Flounder Corporation issued $553,000 7% bonds that are due in 11 years. The bonds were issued for $597,066 and pay interest each July 1 and January 1. The company uses the effective interest method. Assume an effective rate of 6% (a) Your answer is correct Prepare Flounder Corporation's journal entry for the January 1 issuance. (Credit account titles are automatically indented when...
of the payment, and (b) the amount of interest? what was the amount of the original loan? 1.19 A medium-size consulting engineering firm is try-1.28 A start-up company with multiple nanotechnology ing to decide whether it should remodel its office now or wait and do it one year from now. If the firm does it now, the cost will be $38,000. The interest rate is 10% per year. a. What would the cost have to be one year from products...
Can
anybody help me with these questions pls
Questions 1-10 are based on the following information. Bond valuation. On Jan. 1. 2008, your cousin, Laura, purchased one 3-year semiannual bond with a coupon rate of 8%. The yield of the bond was at the time 1. How much did Laura pay for the hond a. 974.21 b. 974,69 c. 1.000 d767.90 2. This bond was a a discount bond b. premium bend c. par band d. all of the above....
PROBLEMS 1 1. 2. What is the present worth of January 1, 1968 of $1295 on January 1, 1975, if interest is at 6%? How much would you have to invest at 6% interest on January 1, 1975 in order to accumulate $1.850 on January 1, 19817 3. If 1000 ($) is invested at 6% compound interest in January 1, 1971, how much will be accumulated by January 1, 1981? 4. What is the present value of a series of...
deposit today
25,000
value 10 years from today
50,000
r
please help with nuimber 6, but only in EXCEL
CHAPTER 2 The Time Value of Money 47 5. (PV single cash flow) Your friend comes to you with a $2,000 post-dated check. The check is due 2 years from today. If the interest rate is 5%, what is the value of the check today? 6. (PV single cash flow, finding r) If you deposit $25,000 today, Union Bank offers to...
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