If BHD 12000 is invested on June 25, 2022 at 6% interest compounded semi-annually, find the maturity value and the compound interest on November 19, 2022
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If BHD 12000 is invested on June 25, 2022 at 6% interest compounded semi-annually, find the maturity value and the compound interest on November 19, 2022
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- On March 1, 2020, LINGATONG Company has received a P10,000, two year note bearing interest at 12% per annum compounded annually. Principal and interest are payable in full at maturity on February 28, 2022. 35. What amount should LINGATONG report as accrued interest receivable at December 31, 2021?On January 1, 2020, Company A issued 18% bearing note payable in ten semi-annual instalments every June 30 and December 31 starting June 30, 2020; P 5,0000,000. The market interest rate for this type of transaction is 10%. Get: Present Value/ Carrying Value Beg. Carrying Value December 31, 2022On December 31, 2020, Whitfield Corp. issued $ 400,000 10% bonds, due on December 31, 2025. Interest is to be paid semi-annually on June 30 and December 31. The bonds were sold at a market value of $432,444 to yield 8% effective annual interest. Whitfield has a calendar year-end.Required:1. Complete the following amortization schedule for the dates indicated. Show to the second decimal place (dollars and cents). Use the effective-interest method.
- Find the proceeds of a promissory note with a maturity value of $1200 due on October 31, 2025, discounted at 4.8% compounded quarterly on April 30, 2023.On March 31, 2020, Company A issued 18% bearing note payable in ten semi-annual instalments every September 30 and March 31 starting September 30, 2020; P 5,0000,000. The market interest rate for this type of transaction is 10%. Get: Present Value/ Carrying Value Beg. Carrying Value December 31, 2022On January 1, 2020, Sabond issued a 5-year 12%, P10,000,000. Interest is payable annually every January 1. The yield rate for similar bonds is 15%. What is the interest expense for 2022?
- XYZ company issues R$100,000 in bonds dated January 1, 2020, due in five years with 9 percent interest payable annually on January 1. At the time of issue, the market rate for such bonds is 11 percent. Find the following: Present value of the principal?Present value of the interest payment?Recording entries : 1/1/2020, 31/12/2020, and 1/1/2021?Determine the maturity value of P3,000 invested at 9.5% compounded semiannually for 3 ½ years.Sun Corporation markets a 10-year bond issue dated January 1, 2020. The bonds pay interest semi-annually on January 1 and July 1. If these bonds are sold on August 1, 2020, how many months of accrued interest must be paid by the purchaser and over how many months would any discount on the bonds be amortized? * 1 point a. Months accrued: 7, Amortization period: 120 months b. Months accrued: 7, Amortization period: 113 months c. Month accrued: 1, Amortization period: 120 months d. Month accrued: 1, Amortization period: 113 months
- On January 1, 2020, Blue Company purchased P500,000 8% bonds for P475,126 (including broker’s commission of P20,000.) Interest is payable annually every December 31. The bonds mature on December 31, 2022. The prevailing parget rate for the bonds is 9% on December 31, 2020. Round off present value factors to four (4) decimal places and final answers to the nearest peso. If the investment is classified as financial asset at amortized cost determine the following The amount to be recognized in 2020 profit or loss. The amount to be reported on the entity's December 31, 2020 statement of financial position is?On January 1, 2020, EF company purchased P1,000,000, 12% bonds for P1,065,000, a price that yields 10%. The bonds pay interest semi-annually every January 1and July 1. At December 31, 2020, each bonds is selling at P1,055.If the debt investments is classified as at amortized cost, what is the interest revenue from the bond investment for the year 2020?On January 1, 2020, Blue Company purchased P500,000 8% bonds for P475,126 (including broker’s commission of P20,000.) Interest is payable annually every December 31. The bonds mature on December 31, 2022. The prevailing parget rate for the bonds is 9% on December 31, 2020. Round off present value factors to four (4) decimal places and final answers to the nearest peso. If the investment is classified as financial asset at amortized cost determine the amount to be reported on the entity's December 31, 2020 statement of financial position is?