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- Current liabilities Bon Nebo Co. sold 25,000 annual subscriptions of Bjorn for 85 during December 20Y5. These new subscribers will receive monthly issues, beginning in January 20Y6. In addition, the business had taxable income of 840,000 during the first calendar quarter of 20Y6. The federal tax rate is 40%. A quarterly tax payment will be made on April 12, 20Y6. Prepare the current liabilities section of the balance sheet for Bon Nebo Co. on March 31, 20Y6.[Question 21 Galoraz Bhd has a line of credit of RM325,000 with an interest rate of 1.85 percent per quarter. Their short-term investments earning is 0.48 percent per quarter. What is the effective annual interest rate (EAR) on this arrangement if the line of credit goes unused all year? Assume any funds borrowed or invested use compound interest. Select one: A. 7.61% B. 2.14% C. 1.93% D. 10.38%3. Find the discount interest on Php 20,000 for 210 days at a discount interest rate of 8 3/4%. What is the present value?
- QUESTION THREE A K100, 000 Treasury bill currently sells at 95% of its face value and is 65 days from maturity. Calculate the following for the Treasury bill: the discount yield. the investment yield.QUESTION 16 A Bank lends a Nesta company. R500 000 for one year at 6.48% and requires a compensating balance of 10% of the face value of the loan. The effective annual interest rate associated with the loan is ... 7.00%. 7.20%. 8.00%. 8.90%.Q3: An interest rate equal to 7% compounded annually: (a) If $20,000 is borrowed for 5 years what total amount must be paid back? (b) How much of the total amount repaid represents interest?
- D3) Finance The Assured Independence Bank has offered to lend you $200,000 on a line of credit. Interest is charged at 11% and there is a commitment fee of $1,500. If the payment terms are 2/10 n45 what is the cost of this loan? Express the cost of this option as a simple interest rate (%+2 decimal places)! Use Data Given ! bartleby = 3 max questions 7. An investment of P 20000 earned P350 for 180 days, what is the annual rate of interest? 8. Bench loaned P10000 in a bank to be paid after 3 years with an interest of 10% compounded semi-annually and P15000 to be paid after 4.25 years at 8% compounded quarterly. How much must he pay after 7 yrs at an interest rate of 12% compounded monthly to settle everything?D6) Finance Average rate of return or yield on 180-day Government of Canada treasury bills sold on June 18, 2013 was 1.04%. The client sold the $50 000 T-bill after 39 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short term interest for this maturity had risen to 1.13% by the date of sale?
- Daisy's LLC borrowed $2.40 million at an APR of 9.0 percent. The loan called for a compensating balance of 18 percent. What is the effective interest rate on the loan? (Round answer to 1 decimal place, e.g. 12.5%.)Q. 30 Assume you have secured a loan of $10,000 from a bank which will be paid in one year. The fin bank has offered you $850 monthly installments, which equates to a 3.67% annualized interest rate. The monthly interest rate of 0.31% is the annual rate divided by 12. You know that the interest is paid at the end of the period, so you can multiply the opening balance by the monthly interest rate to get the interest paid. What is the opening balance for the month of June? Month Payment Interest Principal Opening Balance Closing BalanceJanuary $850.00 $10,000.00 February $850.00 March $850.00 April $850.00 May $850.00 June $850.00 July $850.00 August $850.00 September $850.00 October $850.00 November $850.00 December $850.00 Monthly Rate 0.31%…nt question Q1. Find the present value of 30 annual payments of $2,000 per annum where the first payment is made 14 years from now. So there are 30 annual payments from t=14 to t=43 inclusive. The discount rate is 5% pa. The present value of these payments is: Question 8Select one: a. $4,908.18 b. $16,304.68 c. $21,212.85 d. $30,282.15 e. $30,744.9