rs to the amount of mc s to the amount of tim s to the amount after ver on the maturity da = to the amount paid C

Financial Accounting Intro Concepts Meth/Uses
14th Edition
ISBN:9781285595047
Author:Weil
Publisher:Weil
Chapter16: Statement Of Cash Flows: Another Look
Section: Chapter Questions
Problem 18P
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r.
Principal
s refers to the amount of money borrowed or invested on the origin
4.
refers to the amount of time in years the money is borrowed or
ted.
5. Dme term
MOHurity value
6. Futuie value
refers to the amount after t years that the lender receives from
orrower on the maturity date.
efers to the amount paid or earned for the use of the money.
7. Inferest
FOMPLETION: Complete the table by finding the unknowns.
IMPLE INTEREST
Maturity Value
(F)
Principal (P)
Rate (r)
Time (t)
Interest (I)
10, 000
1002.5%
nonl year
3, 500
20, 000
2 years
10,000
30, 000
30, 000
20%
3 years
48, 000
40, 000
15%
24, 000
64, 000
10%
6 months
2, 500
52, 500
Transcribed Image Text:r. Principal s refers to the amount of money borrowed or invested on the origin 4. refers to the amount of time in years the money is borrowed or ted. 5. Dme term MOHurity value 6. Futuie value refers to the amount after t years that the lender receives from orrower on the maturity date. efers to the amount paid or earned for the use of the money. 7. Inferest FOMPLETION: Complete the table by finding the unknowns. IMPLE INTEREST Maturity Value (F) Principal (P) Rate (r) Time (t) Interest (I) 10, 000 1002.5% nonl year 3, 500 20, 000 2 years 10,000 30, 000 30, 000 20% 3 years 48, 000 40, 000 15% 24, 000 64, 000 10% 6 months 2, 500 52, 500
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