Assuming a 360-day year, when a $16,098, 90-day, 8% interest-bearing note payable matures, total payment will be

Q: Assuming a 360-day year, when a $11,918, 90-day, 10% interest-bearing note payable matures, total…

A: A note payable is a written promissory note. Under this agreement, a borrower borrows a specific…

Q: Find the semi-annual payment of a P15,000 debt to be amortized by 5 equal payments at the end of…

A: Debt Amortization refers to the process in which liability is reduced by making payments having some…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6%…

A: Quarterly payment (P) = P 670 Period = 10 Years Total number of quarterly payments = 10*4 = 40…

Q: A $17,000 loan is to be amortized for 10 years with quarterly payments of $621.45. If the interest…

A: Unpaid Balance after sixth payment is equal to present value of annuity of $621.45 remaining period…

Q: An obligation will be amortized by quarterly payments of P5,000 for 10 years. If interest is 6%…

A: The remaining liability can be computed as the present value of the remaining payments that are due…

Q: Explain how each of the following liabilities would be classified in the balance sheet:∙ A note…

A: Notes payable: Notes payable is the promissory note which has been issued by the company for their…

Q: A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at…

A: Here, Debt Amount is 8,800 Interest Rate is 5% Compounding period is Semi-Annual Payment Duration is…

Q: At what nominal rate compounded quarterly will payments of P 800 at the beginning of each 3 months…

A: Here, Quarterly Payment is P800 Time Period is 5 years Annuity Type is Annuity Due Borrowed Amount…

Q: 1000 dollars is deposited into an account at the beginning of the year and the value at the end of…

A: Rate of return is the return earned on an investment. It is always expressed in percentages. Rate of…

Q: A debt of 15,000 with interest at the rate of 15% compounded semiannually is to be amortized by 3…

A: Debt amount now (PV)=15000Interest rate 15%compoundinf semi annuallySo semi annually…

Q: To accumulate 103,404,000 at the end of 9n years, deposits of 45,007 are made at the end of each of…

A: Required:Determine the interest rate, i.

Q: The total inter

A: Interest = Principal amount * Annual interest  * months/12

Q: A loan company advertises that $100 borrowed for one year may be repaid by 12 monthly installments…

A: Effective annual interest is the amount which is expressed in terms of percentage paid annually to…

Q: What will be the total interest earned on a 6%, $2,000 note receivable that is due in nine months?

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: the difference between the future values of a deposit accumulated for 15years at a rate of 9.5%…

A: Future value is the value of the current assets or some amount that is invested today and amount…

Q: A loan of 200000€ will be repaid with %12 nominal interest. convertible over 3 months. the debt is…

A: Loan Amount is 200,000 Nominal interest rate convertible over 3 months is 12% Time period is 72…

Q: A $12,000 non-interest-bearing promissory note is discounted at 6% compounded monthly, three years…

A: Maturity amount (MV) = $12,000 Interest rate = 6% Monthly interest rate (r) = 6%/12 = 0.50% Period =…

Q: The annual amount $1,100 is invested in Certificate Deposit (CD) and will be worth of $16,000 in…

A: Compound Interest  The calculation of compound interest is little bit complex than the simple…

Q: Find the equivalent annual payment of the following obligations at 20% interest. End of Year…

A: Annual interest rate = 20%   Calculation of present value Year Cash flow PVF(20%,Year) Present…

Q: A sum of $80,000 is to be repaid over a 10-year period through equal installments made at the end of…

A: Interest, in finance and economics, is payment from a borrower or deposit-taking financial…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years. If interest is at 6%…

A: Quarterly payment (Q) = P 670 Duration (n) = 10 years = 40 payments r = 6% per annum = 1.5% per…

Q: Determine the interest rate per year, compounded quarterly, which is needed for a principal amount…

A: Given Present value (PV) = OMR 27000 Future value (FV) = OMR 43995.75 Period = 8 years  Interest…

Q: Find the interest rate for $9000 deposit accumulating to $9689, compounded annually for 6 years

A: Amount = Principal ( 1+i )^t i = is the interest rate per compounding period t = is the time period

Q: If the interest rate is 7.5% per year and the principal is 2,500, determine the amount of interest…

A: Interest= 2500 * 7.5% * (20/12) = 312.50 20/12 is done as the interest is for 12 months and we need…

Q: If $19,000 is deposited in an account earning interest compounded weekly at 5.87% for 13 years, what…

A: Effective Rate of Interest: It is the annual rate on a loan or investment considering the effects…

Q: Find the nominal rate which when compounded semiannually and applied to a P50,000 principal will…

A: Let us note the given.Principal P = 50,000Interest I = 5000Amount A = P+I = 50,000 + 5000 =…

Q: A debt of P10,000 with 10% interest compounded semi-annually is to be amortized by semi-annual…

A: The amount can be calculated with the help of present value of annuity function.

Q: Determine the amount of each semi-annual interest payment for a $1,000 face value note payable with…

A: Solution: Introduction: When a Note or bond is issued, the issuer must pay a specific fixed rate of…

Q: Assuming a 360-day year, when a $50,000, 90-day, 9% interest-bearing note payable matures, the total…

A: Note Payable:   A Note payable is a written promissory note which represents a specific amount of…

Q: iannual, and quarterly compunding periods, (1) calculate the future value i f $10,000 is deposited…

A: Future value can be computed using FV function in excel. FV function computes interest rate for…

Q: a seven-year note for $2800.00 issued on october 1,2015, with interest at 5.7% compounded annually…

A: Given that, Present Value of the note(PV)=$2800 Rate of interest(i)=5.7% or 0.057 Duration of the…

Q: On January 1, 2020, a company issued a $30,000 three-year, 4% note payable, repayable in 12…

A: Notes Payable The purpose of taking the Notes payable to the firm to generate adequate liquidity in…

Q: Compute the nominal rate of intrrest at which $980 deposited at the end of eaach month quaretly for…

A: Nominal interest rate is the rate of return without considering the inflation rate or before…

Q: An obligation will be amortized by quarterly payments of P670 for 10 years, If interest is at 6%…

A: Quarterly payment (P) = P 670 Period = 10 Years Number of monthly payments (n) = 10*12 = 120…

Q: The following information is given for a 60-month loan from a bank: Debt repayments are made at the…

A: Given information: Term of loan : 60 months First installment : 300 TL Interest rate : 12.682503%…

Q: Assuming a 360-day year, when a $12,919, 90-day, 6% interest-bearing note payable matures, total…

A: Note Payable: A Note payable is a written promissory note which represents a specific amount of cash…

Q: Using the appropriate interest table, compute the present values of the following periodic amounts…

A: a. Present values = Amount receivable at the end of each period for 8 periods x PVIAF (12%, 8) =…

Q: Assuming a 360-day year, when a $13,430, 90-day, 11% interest-bearing note payable matures, total…

A: At the maturity of note payable, The amount paid = Principal + Interest Amount

Q: Assume a 360 day year, when a 48,000, 90 day, 8% interest bearing note payable matures, the total…

A: Total payment = Note + Interest   Interest = $48,000 * 8% * 90/360 Interest = $960

Q: What is the annual payment on a 8-year, 8 percent, $52,000 note payable?

A: Definition:   Notes payable:  Notes Payable is a written promise to pay a certain amount on a future…

Q: Construct the amortization schedule for a $7000 debt that is to be amortized in 5 equal quarterly…

A: First we nee to calculate equal installment amount by using this equation PMT =PV*i1-1(1+i)n Where…

Q: An obligation will be amortized by quarterly payments of P5,000 for 10 years. If interest is 6%…

A: Given a certain rate of return, present value (PV) is the current value of a future sum of money or…

Q: What amount must be deposited today, if, starting one year from today, you wish to make 15 equal…

A: Given, annual withdrawals $3,450. Number of payments 15. Interest rate is 0%.

Q: What will be the maturity value of $5,000 deposited in a three-year certificate of deposit that…

A: In the present question we require to calculate the maturity value i.e. future value from the…

Q: A company issues a $10,000 two-year, 4% note payable, repayable in 8 quarterly installments with…

A: Firm issues various securities to collect the funds. Note payable is short term agreement to pay the…

Q: A debt of $22,000 with interest of 10% compounded quarterly is to be amortized by  payments of…

A: Total installment amount includes the interest expense as well as a portion of the principal amount.…

Q: Find the semi-annual payment of a P15,000 debt to be amorlized by 5 equal payments at the end of…

A: Solution:- Given, Loan amount = PV = P15,000 Number of payments = n = 5  Interest rate = i = 15%/2…

Q: A P35,000 debt is to be paid off in eight equal yearly payments, each combining an amortization…

A: Effective annual interest rate(EAR) refers to the actual interest rate which is received on deposits…

Q: A debt of 8,800 with interest at 5% payable semi annually will be discharged by payment of 1,200 at…

A: The amortization schedule can be prepared as follows : Periods Beginning amount Payment  Interest…

Present Value

Present value (PV) is defined as the current or present value of all future sums of cash flow or money at a specified rate of return. This rate of return is known as the discounted rate, which is essentially the interest rate, discounted over some time. The expected cash flows are discounted at a discount rate to compute the present value. The higher the discount rate, the higher the future value (FV), but the lower the present value.