Write the method used to identify whether the interest is compounded annually or at some other interval?
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Write the method used to identify whether the interest is compounded annually or at some other interval?
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- What is the current portion of long-term liabilities reported in each year and for what type of liabilities?What are the three components of the interest formula?Explain how this formula adjusts for interest periods thatare less than a full year.How is the interest earned on the principal amount calculated at the end of each interest period?
- For the case shown in the following table, determine the amount of the equal, end of year deposits necesssary to accumulate the given sum at the end of teh specified period, assuming the stated annual interest rate. Sum to be accumulated Accumulation Period (Years) Interest Rate $124,600 20 11%In terms of an effective annual interest rate, how can the interest payment be rewritten?Find the following: a. total number of conversion period b. conversion period per year c. interest rate per conversion period d. principal e. compound interest
- What amount should be reported as premium expense for the current year?What general rule can be developed concerning maximum values and compounding intervals within a year?What is the interest rate per period and the frequency of compounding per year in each of the following? If needed, round your interest rate answers to two decimal places. Interest RatePer Period Frequency of CompoundingPer Year a. 18% compounded semiannually _______% _______ times b. 16% compounded quarterly _______% _______ times c. 15% compounded monthly _______% _______ times