A deposit of $1500 is made into a fund on March 18. The fund earns simple interest at 5%. On August 5, the interest rate changes to 4.5%. How much is in the fund on October 23?
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- On May 1, Year 1, Benz's Sandwich Shop loaned $12,000 to Mark Henry for one year at 9 percent interest. Required: a. What is Benz's interest income for Year 1? b. What is Benz's total amount of receivables at December 31, Year 1? c. How will the loan and interest be reported on Benz's Year 1 statement of cash flows? d. What is Benz's interest income for Year 2? e. What is the total amount of cash that Benz's will collect in Year 2 from Mark Henry? f. How will the loan and interest be reported on Benz's Year 2 statement of cash flows? g. What is the total amount of interest that Benz's earned on the loan to Mark Henry? Note: For all requirements, round your answers to the nearest dollar amount. a. b. ذان C. e f. f. g. × Answer is not complete. Interest income Receivables Cash used in investing activities Interest income Cash Cash provided by operating activities Cash provided by investing activities Interest earned P ✔ >>4) Today, a civil association deposits 118,124 pesos obtained in donations in a financial instrument that grants an interest rate of 5.74% compounded monthly. After a while you will be able to have 11 monthly payments due of 17,333 pesos each. What is the grace period? Options: 98 100 95 88The parents of a child decided to make annual deposits into a saving account, with the first deposit being made on the child’s sixth birthday and the last deposit on the 14th birthday. Then, starting on the child’s 16th to the 19th birthday the withdrawals are $3,000, $3,400, $3,800, and $4,200 respectively. If the effective annual interest rate is 6% during this period of time. What are the annual deposits in years 6 through 14? Use a uniform gradient amount (G) in your solution
- On April 12, 2019, BOBOT Company adopted a plan to accumulate P5,000,000 by July 1, 2023. BOBOT plans to make four equal annual deposits to a fund that will earn interest at 10% compounded annually. BOBOT made the first deposit on July 1, 2019. Future value factors are as follows: Future value of 1 at 10% for 4 periods 1.46 Future amount of ordinary annuity of 1 at 10% for 4 periods 4.64 Future amount of annuity in advance of 1 at 10% for 4 periods 5.11 How much annual deposit should BOBOT Company make for four years in order to accumulate the desired amount on July 1, 2023 (rounded)? a. P730,000 b. P978,500 c. P1,250,000 d. P1,077,500On April 2, 2020, shortly after the $7.5 million deposit outflow, Key Bank had borrowed the needed fund in the fed funds market to cover the shortfall in reserves for the remainder of the month (29 days, from 4/2 to 4/30). The required yield on a discount basis was 1.5%. On April 30, 2020, Key Bank finally received the first required payments from its mortgages, loan, and T-bills, and it also paid off its fed funds loan. Key Bank was required to establish a loan loss reserve at 0.5% of the commercial loan value and the bank was in the 35% tax bracket. The bank had not engaged in any off-balance- sheet activities. Question: What was the value of bank's risk-weighted assets (RWA) for its first month of operation? O $155,932,756.48 O $160,773,451.60 O $175,402.215.43 O $130,426,340.40Which investment will give you the higher future value in 5 years? Investment 1: You deposit $100 every month into an investment savings account that has an interest rate of 2.5% compounded daily. Investment 2: You deposit $300 every three months into an investment savings account that has an interest rate of 2.6% compounded semi-annually.
- The Little Red-Haired Girl makes quarterly deposits into an account paying an effective interest rate of 3.5% per quarter. The first depost is $4200, and each subsequent deposit is $200 SMALLER than the previous one. How much is in the account immediately after the 12th depost? Balance $A person pays an amount at the beginning of each month and then withdraws half of it in the middle of the month, and his balance at the end of the year is 513.6 dinars, knowing that the interest rate approved for withdrawal and deposit is 12% annually, so the amount that is deposited and withdrawn is??A- 30,60 dinarsB - 90, 45 dinarsC- 80, 40 dinarsD- 100, 50 dinarsCalculate the rebate on bills discounted for each bill for the year end 31.12.2020 Date of bill OMR Period Rate of discount A 15/12/2020 5,000 3 months 12% 5/10/2020 2,000 4 months 14% 2/11/2020 15,000 2 months 5% Rebate on bills discounted on A Rebate on bills discounted on B Rebate on bills discounted on C
- On the 1st of March,a Note with a due date on March 31 is replaced by another one with a new due date on May 15.The note is discounted at 10% and the maturity value of the new note is $10,710.Calculate the maturity value of the first one.Dirk Ward borrowed $13,000.00 for investment purposes on May 13 on a demand note providing for a variable rate of interest and payment of any accrued interest on December 31. He paid $900 on June 8, $200 on September 10, and $600 on November 20. How much is the accrued interest on December 31 if the rate of interest was 8% on May 13, 8.6% effective August 1, and 9.2% effective November 1? The accrued interest on December 31 is $ ☐ . (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)The following is a December 31, 2021, post-closing trial balance for Almway Corporation. Account Title Debits Credits $ 67,000 132,000 71,000 211,000 Cash Investment in equity securities Accounts receivable Inventory Prepaid insurance (for the next 9 months) 9,000 Land 112,000 Buildings Accumulated depreciation-buildings Equipment Accumulated depreciation-equipment Patent (net) Accounts payable Notes payable Interest payable Bonds Payable 431,000 $ 111,000 121,000 71,000 21,000 97,000 163,000 31,000 251,000 333,000 118,000 $1,175,000 $1,175,000 Common stock Retained earnings Totals Additional information: 1. The investment in equity securities account includes an investment in common stock of another corporation of $41,000 which management intends to hold for at least three years. The balance of these investments is intended to be sold in the coming year. 2. The land account includes land which cost $36,000 that the company has not used and is currently listed for sale. 3. The cash…