3. Find the maturity value of the placement after the tax is deducted.
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- Marathon Peanuts converts a $130,000 account payable into a short-term note payable, with an annual interest rate of 6%, and payable in four months. How much interest will Marathon Peanuts owe at the end of four months? A. $2,600 B. $7,800 C. $137,800 D. $132,600$9,000 is borrowed for 130 days at an 8% interest rate. Calculate the maturity value by the exact method and by the ordinary method. (Round your answers to two decimal places.)Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total payment will be ______ .Round your answer to the nearest whole dollar. a.$1,764 b.$15,141 c.$441 d.$16,464
- Assuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total payment will be a.$13,110 b.$1,192 c.$298 d.$12,216$9,000 is borrowed for 120 days at a 5% interest rate. Calculate the maturity value by the exact method and by the ordinary method. (Round your answers to two decimal places.) exact method $ ordinary method $If the company accepted a Notes Receivable on Oct 1, X1 for $60,000 at 8%, due in one year, what is the Maturity value?
- A debt of 4,400 with interest at 2.5% payable semi-annualy or .0125, will be discharged by payments of 600.00 at the end of each 7 periods as long as necessary, with a final smaller payment 7 periods after the last 600 is paid due to COVID-19. 1. How much will be the Beginning Amount after the last period? 2. How much will be the final payment after the last period? 3. How much will be the interest after the last period? 4.Supply the necessary data on the Amortization Schedule found below.Engr Dalay is required to pay 66500 pesos at the end of 15 days of 68000 pesos at the end of 60 days. Determine the rate of interest per annum. Group of answer choices a.)18.90% b.)11.75% c.)18.04% d.)13.57% e.)34.78% f.)9.95%P500,000 was deposited for a period of 5 yrs. And 6 months and bears on interest of P85,659.25. What is the nominal rate of interest if it is compounded quarterly? What is the actual rate of interest? What is the equivalent nominal rate if it is compounded semi-quarterly?
- Suppose that a purchase is made with a credit of $27,000 that is settled with 9 monthly installments with charges of 12% simple annual on unpaid balances. Find the size of each payment assuming they are equal, and the interestThe principal P is borrowed and the loan's future value A at time t is given. Determine the loan's simple interest rate r. P = $2300, A = $2722, t = 6 months.Suppose you deposit D dollars at the beginning of each month into an account that pays a monthly rate of r as a decimal. Then, the balance B of the account after t months is given by B = D(1 + r) (1 + r)t − 1 r dollars. Suppose you deposit $160 at the beginning of each month into an account that pays a monthly rate of r = 0.005, which corresponds to an APR of 6%. How long does it take for the account balance to build to $2600? Report your answer to the nearest whole month. months
