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- On July 10, 2012, you purchase a $10,000 par T-note that matures in five years. The settlement occurs on July 11, 2019. The coupon rate is 8 percent and the current price quote is 96.0388 percent. The last coupon payment was on 14 days before settlement, and the next coupon payment will be paid on 169 days from settlement. Calculate the accrued interest due to the seller from the buyer at settlement.At the end of 2019, the business has a notes payable with maturity value of TL12.000. The maturity date of the note is March 31, 2020. If the discount rate is 15%, what is the present value of the note on December 31, 2019 by using maturity value method? a.TL11.400 b.TL10.200 c.TL11.566 d.TL11.550On January 1, 2022, Ace Company finished landscaping services and accepted in exchange a 10% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable at December 31 each year. Notes with similar risk have a market rate of interest of 5%. Set financial calculator to zero decimal place. Required: (a) Determine the value of the following: N = Answer 1 Question 4 I/Y = Answer 2 Question 4 PMT = $Answer 3 Question 4 FV = $Answer 4 Question 4 (b) The present value of the note was $Answer 5 Question 4 (c) Prepare a Schedule of Note Discount/Premium Amortization for Ace Company under the effective interest method. Ace Company Schedule of Note Discount/Premium Amortization Effective Interest Method Date Cash Interest Amortized Amount Carrying Value of Note Jan 1, 2022 $Answer 6 Question 4 Dec 31, 2022 $Answer 7 Question 4 $Answer 8 Question 4 $Answer 9 Question 4 Answer 10 Question 4 Dec 31,…
- Owe On June 1, 2018, Angel Corp received $250,728.38 in exchange for a 5-year non-interest-bearing note with a face value of $320,000 due on June 1, 2023.Solve for imputed interest rate on the note Show at least four (4) calculations and round your answers to the nearest 1/10 of a %Find the BEY of a Treasury Strip that you can purchase for settlement on Oct. 24, 2019 at a quoted price of 89. The Strip matures on May 15, 2025. How do you get the answer of 2.1070%?On January 1,2022, Ace Company finished landscaping services and accepted in exchange a 10% $400000 promissory note with a due date of December 31,2024. Interest is receivable at December 31 each year. Notes with similar risks have a market rate of interest of 5%. (A.) Determine the value of the following N, I/Y, PMT, FV. B The present value of the note was $_______. (C) Prepare a schedule of Note Discount/Premium Amortization for Ace Company under the effect interest method
- On January 1,2022, Ace Company finished landscaping services and accepted in exchange a 10% $400000 promissory note with a due date of December 31,2024. Interest is receivable at December 31 each year. Notes with similar risks have a market rate of interest of 5%. (A.) Determine the value of the following N, I/Y, PMT, FV. B The present value of the note was $_______. (C) Prepare a schedule of Note Discount/Premium Amortization for Ace Company under the effect interest method (D) Prepare the journal entries on the following dates: Jan 1, 2022 and Dec 31, 2023On January 1,2022, Ace Company finished landscaping services and accepted in exchange a 5% $400000 promissory note with a due date of December 31,2024. Interest is receivable at January 1 each year. Notes with similar risks have a market rate of interest of 10%. (A.) Determine the value of the following N, I/Y, PMT, FV. B The present value of the note was $_______. (C) Prepare a schedule of Note Discount/Premium Amortization for Ace Company under the effect interest method. (d) Prepare the journal entries for Jan 1 2022 and Dec 31 2022A MERCHANT ACQUIRES A LOT OF MERCHANDISE WORTH $11,500.00WHICH AGREES TO SETTLE THROUGH AN IMMEDIATE PAYMENT OF $4,800.00 AND A FINAL PAYMENT 6 MONTHS LATER. YOU AGREE TO PAY 13% SIMPLE ANNUAL INTEREST ON THE BALANCE, HOW MUCH WILL YOU PAY WITHIN 6 MONTHS?
- On January 1, 2022, Ace Company finished landscaping services and accepted in exchange a 10% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable at December 31 each year. Notes with similar risk have a market rate of interest of 5%. Set financial calculator to zero decimal place. Required: (a) Determine the value of the following: N = _________________ I/Y = ___________________ PMT = ______________________ FV = $______________ (b) The present value of the note was $________________ (c) Prepare a Schedule of Note Discount/Premium Amortization for Ace Company under the effective interest method.At the end of 2020, the business has a notes payable with maturity value of TL18.000. The maturity date of the note is April 30, 2021. If the discount rate is 15%, what is the present value of the note on December 31, 2020 by using maturity value method? a.TL17.100 b.TL15.300 c.TL17.325 d.TL17.143On January 1, 2022, Slack Company finished legal services and accepted in exchange a 5% $400,000 promissory note with a due date of December 31, 2024. Interest is receivable on January 1 of each year. Notes with similar risk have a market rate of interest of 10%. Set financial calculators to zero decimal place. Required: (a) Determine the value of the following: N = I/Y = PMT = $ FV = $