Formula: Total Interest Amount = Principal * Time Period * Rate
Principal = $21,000
Time Period = 5 months (5/12)
Rate = 8.50%
Total Interest Amount = 21,000 * (5/12) * 8.50% = $743.75
Thus, Wet Dog Surf Company is required to pay interest amount equal to $743.75 or $744
The Wet Dog Surf Company borrows $21,000 at 8.50% for 5 months. Calculate the total interest...
The Wet Dog Surf Company borrows $13,000 at 200% for 7 months. Calculate the total interest amount (rounded to the nearest penny) that Wet Dog will pay. А в с 2 Answer = Book < Prey 1 of 6 Next > 0 0 EN e here to search
The Wet Dog Surf Company borrows $30,000 for 4 months and will pay $700.00 interest. Calculate Wet Dog's Annual Percentage Interest Rate (APR) (rounded to two decimal places). А 2 Answer
If the Wet Dog Surf Company borrows $30,000 at 1.00% and there are 12 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY) of interest.
If the Wet Dog Surf Company borrows $12,000 at 3.50% and there are 12 compounding periods per year, calculate Wet Dog's Effective Annual Rate (APY) of interest. - B co E 2 Answer =
TR issues 5.0%, 5-year bonds with a total face amount of $1,000,000. The market interest rate for bonds of similar risk and maturity is 5.2%. Interest is paid semi-annually. DO NOT ROUND YOUR ANSWERS UNTIL YOU FULLY COMPLETE THE PROBLEM SET (input your answers after you've completed the entire problem). 4. $ _ (rounded to nearest dollar). What is the issue price of the bond? 5. $ (rounded to nearest dollar). When the company records the first interest payment, how...
During the current year, your company lent $49,591 at 3.1% for 5 months. Calculate the total interest that your company will receive on this note. (round to the nearest dollar and do not enter dollar sign or comma. e.g. Enter $5,421.42 as 5421)
Calculating Capitalized Interest Kit Company borrows $5 million at 12% on January 1, 2016, specifically for the purpose of financing the construction of a building that is expected to take 18 months to complete. Kit invests the total amount at 11% until it makes payments for the construction project. During the first year of construction, Kit incurs the following expenditures related to this construction project: January 1 $1,000,000 April 1 1,600,000 October 1 1,200,000 December 31 500,000 Required: Compute the...
which option is correct without explanation
11 If a company borrows $100 000 at an interest rate of 20% per year, compounded semi-annually and makes payments of $15,000 every 6 months, the length of time required for the company to pay off the loan is closest to A. 7 years B, 9 years C. Less than 6 years D. More than 10 years 12.lfi-10%, the value ofXìn the following CFD is closest to: A, 826 В. 1085 C, 268 D....
During the current year, your company lent $46,062 at 5.9% for 8 months. Calculate the total interest that your company will receive on this note. (round to the nearest dollar and do not enter dollar sign or comma. e.g. Enter $5,421.42 as 5421)
During the current year, your company lent $46,062 at 5.9% for 8 months. Calculate the total interest that your company will receive on this note. (round to the nearest dollar and do not enter dollar sign or comma. e.g. Enter $5,421.42 as 5421)