Information on a note receivable: Face amount P800,000 Effective Interest 14% PV of P1 @14%, n= 5 0.519369 PV of ordinary annuity of 1 @14%, n=4 2.91371 PV of annuity of 1@14%, n=5 3.91371 The note is due in lump sum in five years time. What is carrying amount of the note at initial recognition? 567,823 415,495 432,158 591,834
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- A non-interest bearing note has a face value of $3000. The note is due 96 days from today. Money is currently worth 8% per annum. Find the present value of the note. Select one: a. $2938 b. $3063 c. $2778 d. $2923Information on a note receivable: Face amount P800,000 Effective Interest 14% PV of P1 @14%, n= 5 0.519369 PV of ordinary annuity of 1 @14%, n=4 2.91371 PV of annuity of 1@14%, n=5 3.91371 The note is due in five equal annual installments. The first installment is due at initial recognition. What is the carrying amount of the note at initial recognition before any collection? 626,194 567,823 582,742 602,158Assuming a 360-day year, when a $14,700, 90-day, 12% interest-bearing note payable matures, total payment will be ______ .Round your answer to the nearest whole dollar. a.$1,764 b.$15,141 c.$441 d.$16,464
- An interest-bearing note for 118 days at 6.4% p.a. simple interest has a face value of $4053. If the note is settled in 50 days at a discounted rate of 12.5% p.a., calculate the proceeds. Write your answer rounded to two decimal places. Answer:Assuming a 360-day year, when a $11,200, 90-day, 5% interest-bearing note payable matures, the total payment will be Oa. $560 Ob. $140 Oc. $11,760 Od. $11,340 0 0 0 0Information on a note receivable:Face amount ₱800,000Effective interest 14%1. The note is due in lump sum in five years’ time. What is the carrying amount of the note at initialrecognition? (Round present value factors to 4 decimal places.)2. The note is due in four equal annual installments. The first installment is due one period from initialrecognition. What is the carrying amount of the note at initial recognition? (Round present value factors to4 decimal places.)3. The note is due in five equal annual installments. The first installment is due one period from initialrecognition. What is the carrying amount of the note at initial recognition? (Round present value factors to4 decimal places.)
- Cash is borrowed on a 2-month note payable. If the interest cost to borrow is RO 400, and the cash proceeds received and available to use for the 60-day period is RO19600 what is the actual interest rate on this note? a. 12.24% b. 12.00% c. 10.00% d. 12.45%The interest on a $3,000, 10%, 180-day note receivable is (assume 360 days per year) O $150 O $3.300 O $300 $3000 Onmi ERCO DUTOCompute the amount or maturity value of a note at the end of 3 years, if the principal or face value is $80,000 and the interest rate is 6% compounded semi-annually. a. Php 95645.18 b. Php 97233.18 c. Php 95524.18 d. Php 96322.18 O a O b O C d
- Find the periodic payment for each of the following scenarios, where m is the periodic deposit and r is the interest rate. Future compounding time periodic interest in Value frequency deposit (m) earned years $ $200,000 5% annually 10 12.5779 15905.29 $ $250,000 7.8% semiannually 11 34.6003 7225.43 $ $125,000 3.7% quarterly 15 120.3921 1038.46 $ $ $225,000 3% monthly 15 $ $175,000 7.5% weekly 12 AThe interest charged on a $222000 note payable, at the rate of 6%, on a 90-day note would be (Use 360 days for calculation.) $3330. $1110. $13320. $6660.information on a note receivable at december 31,2021 face amount P800,000 effective interest rate 14% 5. the note is due in lump sum in five years' time what is the carrying amount of the note at December 3, 2021? 6. the note is due in four annual installments. the first installment is due at the end of the year. what is the crrying amount of the note at December 31? 7. the noted is due in five equal annual installments. the first installments is due in advance. What is the carrying amount of the note at December 31, 2021?
