A nine-year note for $3200 issued on October 1, 2015, with interest at 6.6% compounded annually is discounted on July 1, 2016, at 9.1% compounded semi-annually. What are the proceeds of the note? The proceeds of the note are $. (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

1. CJ, Inc. issued a promissory note to AJ, Inc. in the amount of $400,000 on January 1, 2014, the due date is December 31, 2018. The note has a stated rate of 4%. Interest is due each year on December 31. The current yield rate of interest is 8%. a) What is the present value of the note. b) What entry would AJ, Inc. journalize for the issuance of the note? |

An $9,000 note dated 06/22/2020, matures on 12/22/2020 at 8.15%.  (Banker’s Rule) In how many days is the note due? What interest is paid on the note?

The interest charged on a $98000 note payable, at the rate of 6%, on a 4-month note would be $5880. $2940. $980. O $1960.

A debt of $3726.12 is due August 1, 2022. What is the value of the obligation on February 1, 2015, if money is worth 9% compounded monthly? The value of the obligation is $ (Round to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

Chang, Inc. issued a 120-day note in the amount of $360,000 on 12/16/17 with an annual rate of 5%. What amount of interest has accrued as of 12/31/17?

TORR, Inc. issues a $300,000, 6%, five-year note payable on January 1, 20X1. If the monthly payment is $5,800, what is the note's carrying value after the first month's payment is made on January 31, 20X1?   Select one: a. $294,200 b. $300,000 c. $298,500 d. $295,700 e. $298,214

On June 8, Williams Company issued an $92,400, 11%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is the maturity value of the note? Round your answer to the nearest whole dollar.

Barton Chocolates used a promissory note to borrow $1,000,000 on July 1, 2015, at an annualinterest rate of 6 percent. The note is to be repaid in yearly installments of $200,000, plusaccrued interest, on June 30 of every year until the note is paid in full (on June 30, 2020). Showhow the results of this transaction would be reported in a classified balance sheet prepared as ofDecember 31, 2015.

Hermes Inc. received on January 1, 2017, a $22,800 4-year zero-interest bearing note for lending $16,400 to Phoenix Co. Hermes financial year ends December 31. Round to the nearest whole number. The discount rate on the note is