Time(in years) =(20/12)years
The interest rate is calculated using following equation
Interest = Principal * Rate * Time
310 = 6200*Rate*(20/12)
Rate = 310/(6200*20/12)
Rate = 3%
Therefore, interest rate is 3%.
Solve for the missing item in the following. (Do not round intermediate calculations. Round your answer...
Round to nearest cent or hundredth percent as needed: (Do not round intermediate calculations. Round your answer to the nearest cent.) Principal ? Rate 11% Time 2 months Simple Interest $1,250
Solve for the missing item in the following. (Do not round int Principal Interest rate 7% Time 1112 years Simple interest $ 200
Calculate the simple interest and maturity value. (Do not round intermediate calculations. Round your answers to the nearest cent.) Principal Interest rate Time Simple interest Maturity value $4,500 3% 6 mo. $
Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) Sales $ 622,400 Costs 376,800 Depreciation 128,100 EBIT $ Taxes (35%) Net income $ What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) OCF $ What is the depreciation tax shield? (Do not round intermediate calculations and round your...
Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) 644,400 Sales Costs Depreciation EBIT Taxes (35%) Net income 345,900 96,600 What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) OCF What is the depreciation tax shield? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.)...
a. Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) 565,600 356,800 105,700 Sales Costs Depreciation EBIT Taxes (24%) Net income b. What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is the depreciation tax shield? (Do not round intermediate calculations and round your answer to the nearest whole number,...
a. Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) Sales $ 643,700 Costs 384,300 Depreciation 136,500 EBIT ? Taxes (25%) ? Net Income ? b. What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is the depreciation tax shield? (Do not round intermediate calculations and round your answer to...
a. Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) $ 601,100 369,300 119,700 Sales Costs Depreciation EBIT Taxes (24%) Net income b. What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is the depreciation tax shield? (Do not round intermediate calculations and round your answer to the nearest whole...
a. Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32) $ 615,300 374,300 125,300 Sales Costs Depreciation EBIT Taxes (21%) Net income b. What is the OCF? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is the depreciation tax shield? (Do not round intermediate calculations and round your answer to the nearest whole...
a. Fill in the missing numbers in the following income statement: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) 572,700 359,300 108,500 Sales Costs Depreciation EBIT Taxes (25%) Net income b. What is the OCF? (Do not round Intermediate calculations and round your answer to the nearest whole number, e.g. 32.) c. What is the depreciation tax shield? (Do not round Intermediate calculations and round your answer to the nearest whole number,...