r.Principals refers to the amount of money borrowed or invested on the origin4.refers to the amount of time in years the money is borrowed orted.5. Dme termMOHurity value6. Futuie valuerefers to the amount after t years that the lender receives fromorrower on the maturity date.efers to the amount paid or earned for the use of the money.7. InferestFOMPLETION: Complete the table by finding the unknowns.IMPLE INTERESTMaturity Value(F)Principal (P)Rate (r)Time (t)Interest (I)10, 0001002.5%nonl year3, 50020, 0002 years10,00030, 00030, 00020%3 years48, 00040, 00015%24, 00064, 00010%6 months2, 50052, 500

Under the financial accounting, the term principal is used as it is the debt amount which excludes…

Answered: rs to the amount of mc s to the amount…

Business

Accounting

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

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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