FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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8. What is the total amount of interest revenue will FOUR earn over the term of the lease?
₱ 75,000
₱ 129,360
₱ 139,450
₱ 51,600
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- 15- What is the semi-annual payment on a $126,000 mortgage loan, repayable over 24 years, if the interest rate is 12% p.a., compounded semi-annually? a. $7951 b. $623 c. $491 d. $8051arrow_forward3. Consider the buyer of a FRA 6-9. The contract rate is 6.35% on a notional amount of $10 million. Calculate the settlement amount of the seller if the settlement rate is 6.85%. Assume a 30/360 day count basis.arrow_forward7. LO 11.3 Using the information provided, what transaction represents the best application of the present value of an annuity due of $1? A. Falcon Products leases an office building for 8 years with annual lease payments of $100,000 to be made at the beginning of each year. B. Compass, Inc., signs a note of $32,000, which requires the company to pay back the principal plus interest in four years. C. Bahwat Company plans to deposit a lump sum of $100,000 for the construction of a solar farm in 4 years. D. NYC Industries leases a car for 4 yearly annual lease payments of $12,000, where payments are made at the end of each year.arrow_forward
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