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A: Computation:
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A: As posted multiple independent questions we are answering only first question kindly repost the…
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A: given, Principal = $5000 r=2.8% per quarter number of quarter = 8
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A: Using excel NPER function
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A: Monthly payment (M) = $200 r = 10% per annum = 0.833% per month Let n = Number of payments
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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. $132,600A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an annual interest rate of 11%. If 6 months have passed since note establishment, what would be the recorded interest figure at that time? A. $7,150 B. $65,000 C. $14,300 D. $2,383If Bergen Air Systems takes out a $100,000 loan, with eight equal principal payments due over the next eight years, how much will be accounted for as a current portion of a noncurrent note payable each year?
- Sub-Cinema Inc. borrowed $10,000 on Jan. 1 and will repay the loan with 12 equal payments made at the end of the month for 12 months. The interest rate is 12% annually. If the monthly payments are $888.49, what is the journal entry to record the cash received on Jan. 1 and the first payment made on Jan. 31?A $183900 Ioan is repaid by 23 payments of $2500 each at the end of quarter, followed by 29 payments of $6900 each at the end of month. What interest rate il is being charged?$12.000 loan is being repaid by installments of $400 at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find the outstanding balance at the end of 2 years.
- 20000 TL loan is being repaid by installments of 100 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find the outstanding balance at the end of 2 year.$1000 is invested in an account for six months. The interest rate is 10 % per annum. Calculate the value of the account after six month using simple interest method. a. b. c. d. $105. $50 $1500 $1050 $115Suppose an investor plans to make monthly deposits into an account that pays 9% interest, compounded monthly, so that $100,000 will be in the account immediately after the payment at the end of Year 10. The first payment will occur at the end of Month 1 (one month from the present). How much must be deposited monthly? a. $19,351,700 per month b. 517 per month c. 6,580 per month d. 9,670 per mon
- A $17,000 loan is to be amortized for 10 years with quarterly payments of $621.45. If the interest rate is 8%, compounded quarterly, what is the unpaid balance immediately after the sixth payment? (Round your answer to the nearest cent.)160000 TL loan is being repaid by installments of 2250 TL at the end of each month for as long as necessary, plus a final smaller payment. If interest is at J12 = 12%, find the outstanding balance at the end of 7 years.