Determine the exact simple interest on P5, 000 for the period from Jan.15 to Nov.28, 1992, if the rate of interest is 22%.

Q: On January 1, 2020, MP's customer issued a 3 year 8% note, PHP 3,000,000 for services billed to be…

A: Carrying amount is also known as carrying value or book value. The carrying amount of a note issued…

Q: Compute the interest on a purchase of P30,000 at 8% for 10 and 15 months

A: The question is related to calculation of interest.

Q: The face value of an eight-month, 4.5% note dated February 28, 2006, is $738.85. Determine each of…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: Which of the following has the most effective annual rate of interest?  A. 12.50 % compounded…

A: Effective annual rate (EAR) is the actual rate of interest earned after taking the effect of…

Q: For an interest rate of 3% per quarter, determine the nominal interest rate per (a) semiannual…

A: In order to compute the interest amount, the interest rate is required to be multiplied by the…

Q: What is the maturity date of a loan for $3,000 at 15% exact interest taken out on June 4? The amount…

A: in this we have to calculate the period of loan.

Q: Assuming a 360-day year, the interest charged by the bank, at the rate of 12%, on a 90-day,…

A: Interest charged = Notes Payable x Interest rate x 90/360

Q: You owe $1985.00 and $1794.00 in 5 months from now and 9 months from now respectively. What single…

A: Information Provided: Amount owed for 5 months = $1985 Amount owed for 9 months = $1794 Annual…

Q: Find the equivalent annual payment of the following obligations at 20% interest. End of Year…

A: Annual interest rate = 20%   Calculation of present value Year Cash flow PVF(20%,Year) Present…

Q: A debt of P20, 000 is due on December 1, 2020. What was the value of this debt on December 1, 2018…

A: Time value of money (TVM) refers to the concept which proves that the value of money today is higher…

Q: Dirk Ward borrowed $12,000.00 for investment purposes on May 8 on a demand note providing for a…

A: Accrued Interest - It is the amount of interest has been incurred over a specific period / date, on…

Q: An seven-year promissory note for $31 000 dated May 2, 2002, bearing interest at 8% compounded…

A: A promissory note is a financial instrument that contains a written promise by one party (the note's…

Q: What is the maturity date of a loan for $8,000 at 15% exact interest taken out on June 5?

A: Given information is: Loan amount = $8000 Interest rate = 15% Interest amount = $240

Q: Find the interest rate for $9000 deposit accumulating to $9689, compounded annually for 6 years

A: Amount = Principal ( 1+i )^t i = is the interest rate per compounding period t = is the time period

Q: If the spot CAD/USD rate is 1.1239 and the two year interest rates on CAD and USD are 1.75% and 1.4%…

A: Forward Rate can be calculated as follows: Forward rate=Spot rate×1+interest rate of CAD1+interest…

Q: What principal amount is equivalent to a withdrawal of 10,600 on the 2ndyear, 4,000 on the 4thyear,…

A:

Q: Determine the amount of each semi-annual interest payment for a $1,000 face value note payable with…

A: Solution: Introduction: When a Note or bond is issued, the issuer must pay a specific fixed rate of…

Q: Determine the maturity date, interest at maturity, and maturity value for a 90-day, 10 percent,…

A: Given:  Note value : $36000 Interest rate = 10% Bill date : 15 Feb Due date = 90 days

Q: If the company accepted a Notes Receivable on Oct 1, X1 for $60,000 at 8%, due in one year, what is…

A: Maturity value is the total amount including the interest on the Notes Receivable till it's maturity…

Q: The portion of the payment that is applied to interest in year 1-4 is

A: Simple interest is a method of calculating the charge on a loan. Simple interest is calculated for…

Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…

A: Present value = P 10,000 Period from Jan 15 to Nov 28 = 317  Days Days in a year = 365 Period in…

Q: of money will be required to settle an obligation of 10,500 on April 1, 1992, if the loan is made on…

A: In this we need to find out the future value of loan.

Q: d) Calculate the present value as at 1 March 2005 of a series of payments of £1,000 payable on the…

A: Hi There, Thanks for posting the questions. As per our Q&A guidelines, must be answered only one…

Q: Dirk Ward borrowed $12,000.00 for investment purposes on May 19 on a demand note providing for a…

A: Here, Borrowing Amount is $12,000 Interest Rate on May 19 is 4% Interest Rate from 1st August is…

Q: From the interest statement 18% per year, compounded monthly, determine the values for interest…

A: Interest Rate period: It is the period (in years) in which interest is charged. Compounding…

Q: What is the exact simple interest earned on P 35, 000 for the period from April 3, 2020 to October…

A: Principal amount (P) = P35000 Period from April 3,2020 to October 14,2020 (d) = 163 days Interest…

Q: The face value of an eight-month, 6.5% note dated November 30, 2010, is $1816.65. Determine each of…

A: Face value s the future value of a financial security at which  it will be redeem in future date of…

Q: Using the appropriate interest table, compute the present values of the following periodic amounts…

A: a. Present values = Amount receivable at the end of each period for 8 periods x PVIAF (12%, 8) =…

Q: Assuming a 360-day year, when a $16,098, 90-day, 8% interest-bearing note payable matures, total…

A: Notes payable is a negotiable instrument signed by the promisor who agreed to pay a certain amount…

Q: What is the present value of $3,950 to be received at the beginning of each of 29 periods,…

A: Present value of money is the value of future money at present. The value of money received in…

Q: Assuming a 360-day year, the interest charged by the bank, at the rate of 6%, on a 90-day,…

A: Interest charged by the bank = Amount of notes payable x rate of interest x no. of days / 360

Q: Do in excel What uniform annual amount should be deposited each year in order to accumulate…

A: solution future value $2,143.60 Number of period 8 present value  0 annual interest rate…

Q: For an interest rate of 1% per quarter, determine the nominal interest rate per (a) semiannual…

A: The nominal rate of interest is the annual rate which is charged on the securities. The nominal…

Q: What is the maturity date of a loan for $9,000 at 15% exact interest taken out on June 4? The amount…

A: Given: Principal amount =$9000Interest rate =15% Loan taken on June 4 Interest on loan per annum…

Q: What sum of money will be required will be required to discharge a loan of P7,800 on April 1.2020,…

A: The future value of a present value is the value of that amount after taking into account the time…

Q: on nov, 1. Alan co. signed a 120 day, 12% note payable, with a fac valus of 9,900. what is the…

A: Notes payable is known as a negotiable instrument signed by the promisor who agreed to pay a certain…

Q: suming a 360-day year, when a $12,600, 90-day, 11% interest-bearing note payable matures, total…

A: Maturity Value of Note Payable = Face Value + Interest Maturity value = Face Value + (Face Value x…

Q: The interest charged on a $98000 note payable, at the rate of 6%, on a 4-month note would be O…

A: Solution: Interest charged = Amount of Note * interest rate * 4/12 = 98000 * 6% * 4/12 = $1960

Q: On January 1, 2018, Company B borrowed 50,000 signing a 3-year installment note payable with yearly…

A: Note Payable - payment schedule:   Beginning Balance Interest Installment amount Principal amount…

Q: Determine the number of times interest is compounded in 1 year for the following interest…

A: Compound Interest is calculated by multiplying the initial principal amount by one plus the annual…

Q: Determine the exact simple interest on P500,000 invested for the period from January 15,1996 to…

A: Formula: Simple Interest = Loan amount x Interest rate x Time period

Q: Chang, Inc. issued a 120-day note in the amount of $360,000 on 12/16/17 with an annual rate of 5%.…

A: Accrued interest is $739.73. Computation of accrued interest: Excel spread sheet:

Q: What is the maturity date of a loan for $3,000 at 15% exact interest taken out on June 5? The amount…

A: In  this question maturity date is to be calculated. Maturity date is the date at which the loan…

Q: In October 2008, six-month (182-day) Treasury bills were issued at a discount of 1.42%. What was the…

A: Treasury bills are short term financial instruments that are issued by the US treasury  with a…

Q: Find the ordinary and the exact interest at 5% on $5,000 and the corresponding amounts at the end of…

A: For calculating ordinary interest, number of days taken shall be 360. For calculating exact…

Q: Dirk Ward borrowed $13,000.00 for investment purposes on May 8 on a demand note providing for a…

A: Accrued interest is the interest which is to be paid to the lender of the loan but which has not…

Q: What is the future amount of P10,000 if interest is computed using exact simple interest for the…

A: Simple Interest is the method in which we calculate the interest on a specific principal amount at a…