Subject: mount for each of the following notes:Annual Interest RateModia45%%8%6%Time2.5 years9 months90 days4monthsTotal Interest$7,875$1,300$620 * Your answer is incorrect.Compute the missing amount for each of the following notes:(a)(b)(c)(d)Principal$$43,000$105,000$62,000Annual Interest Rate45%%8%6%Time2.5 years9 months90 days.4 monthsTotal Interest$

There is a concept of time value of money. When the money is invested some where, it gives us return…

Answered: mount for each of the following notes:…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Complete the following table by filling in missing amounts. (Use 360 days a year.) Principal of Note Annual Interest Rate 27,200 7% 32,000 % 3% $ $ Time Period 90 days 180 days 270 days $ $ Interest 1,440 450
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation. Do not round Intermediate calculations.) a. b. J Date of Note April 1 July 2 March 7 Terms 60 days 30 days 6 months Maturity Date May 31 August 1 September 7 Principal $792,000 100,000 121,600 Annual Interest Rate 5 % % 9 % $ EA $ Total Interest $500
Complete the following without using Table12.1. Note: Round the "Total amount" and "Total interest" to the nearest cent. Principal $ 1,340 Time (years) 1 Rate of compound interest Compounded Periods 6 % Quarterly Rate % Total amount Total interest
Determine the interest on the following notes: (Use 360 days for calculation.) (a) $5,800 at 6% for 90 days. $Enter the interest in dollars (b) $800 at 9% for 5 months. $Enter the interest in dollars (c) $7,200 at 7% for 60 days. $Enter the interest in dollars (d) $1,800 at 7% for 6 months. $Enter the interest in dollars
Presented below are the data on three promissory notes. Determine the missing amounts (round answers to 0 decimal places, e.g. 125 Assume length of year = 360 days.)Date ofNote Terms Maturity Principal Annual Interest Total Interest Date RateApril 1 60 days ? $600,000 9% ? July 2 30 days ? 90,000 ? $600March 7 6 months ? 120,000 10% ?
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) (a) (b) (c) Date of Note April 1 July 2 March 7 Terms 60 days 30 days 6 months Maturity Date May 31 August 1 September 7 Principal $570,000 93,600 115,000 Annual Interest Rate 10 % % 11 % $ tA $ Total Interest $702
Compute interest and find the maturity date for the following notes. (Round intermediate calculations to 2 decimal places, e.g. 15.25 and final answers to O decimal places, e.g. 5,275. Use 360 days for calculation.) (a) (b) (c) Date of Note June 10 July 14 April 27 Principal $90,000 $64,800 $43,200 Interest Rate (%) 6% 7% 8% Terms 60 days 90 days 75 days $ $ LA Interest IN Maturity Date 4
USE THE FOLLOWING INFORMATION FOR THIS QUESTION: Installment note payable borrowed from the bank Present value interest factor from table Signed for Annual interest rate Payments are made 195,060 $7,802 $99,442 The outstanding loan balance at the end of year 3 equals what amount? $103,420 zero $287,000 unable to determine 2.77509 3 years 4% Annually
j. Interest was accrued on the note receivable received on October 17 ($100,000, 90-day, 9% note). Assume 360 days per year. Date Description Debit Credit Dec. 31 Interest Receivable v 1,850 X Interest Revenue v 2,250 X
C. Complete the following table: Value of the Deposit Mathematical Expression Used to Deposit Deposit Amount How long it will be in the account After 5 Years Find this Value 1 $350 59 months 469.74 350(1.005)" $350 58 months 350(1.005)* 467.41 $350 57 months 350(1.005)*7 3 465.08 2 months 350(1.005) 58 $350 354.50 1 month 350(1.005)' 59 $350 351.75 60 $350 O month 350 350(1.005)° d. We could find the value of the account after 5 years by adding all the values in the 4th column (if we actually extended the entire table. Why would we not want to do this? e. Use the last column to find the value of the account after 5 years. f. How much interest did Jack earn from the bank in these 5 years? g. If Jack kept saving what would the value of his account be after 10 years ? How can we adjust our answer to question e to answer this question? ..
Presented below are data on three promissory notes. Determine the missing amounts. (Use 360 days for calculation.) (a) (b) (c) Date of Note April 1 July 2 March 7 Terms 60 days 30 days 6 months eTextbook and Media Maturity Date May 31 August 1 September 7 # + Principal $810,000 99,000 180,000 Annual Interest Rate 10 7% 8 % $ Total Interest 8100 $495 6400
Complete or fill in the entire chart for the below annuities by filling in all the blanks (3 each) # Payment and frequency (PMT) Time in years (n) Interest rate and compound frequency (I/Y) Present Value (PV) Future Value (FV) 6) $370.00 per end of quarter 9 years 5% compounded quarterly Not Applicable _______________ 7) $100.00 per month 5 years 6 % compounded monthly ______________ Not Applicable 8) $__________per year 8 years 12 % compounded annually $10,000 Not Applicable 9) $2,000 per quarter __________years 8.75 % compounded quarterly Not Applicable $112,181.65 10) $3,000 every 6 months 24 payments ____________% compounded semi-annually $50,000 Not Applicable 11) $_________ monthly 15 years 18% compounded monthly Not Applicable $1,000,0000 12) $1,690 every 3 months _________ years 2 ¼ % compounded quarterly…

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mount for each of the following notes: Annual Interest Rate 4 5% % 8% 6% Time 2.5 years 9 months 90 days 4 months Total Interest $ $7,875 $1,300 $620