Determine the interest due on an $85,000 short-term loan, with a term of 300 days and a

Question:

Determine the interest due on an $85,000 short-term loan, with a term of 300 days and a simple interest rate of 8%.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Construction accounting and financial management

ISBN: 978-0135017111

2nd Edition

Authors: Steven j. Peterson

See More Books

Question Posted: Mar 27, 2013 06:53 AM

See More Questions

Determine the interest due on a $15,000 short-term loan, with a term of 90 days and a simple interest rate of 11.5%.
A radio telescope with a diameter of 300 m uses a wavelength of 4.0 m to observe a binary star system that is about 2.5 x 1018 km from the Earth. What is the mini-mum distance of two stars that can...
A turbojet aircraft is flying with a velocity of 300 m/s at an altitude of 6000 m, the ambient conditions are 45 kPa and -15oC. The compressor pressure ratio is 14 and the turbine inlet temperature...
Suppose that the Medicare rate of hospital reimbursement is reduced. Explain why the costs may not be shifted to other patients in the short run.
Figure 30-78 shows a wire that has been bent into a circular arc of radius r = 24.0 cm, centered at O.A straight wire OP can be rotated about O and makes sliding contact with the arc at P. Another...
Youre in a store like REI, Cabelas, or Bass Pro Shops that specializes in selling outdoor clothing and accessories. On the front of a rack of rain jackets, you see one with a price tag of $400 and...
Ron Chambers arrives at work early on Friday morning. His anxiety has been growing throughout his final week of training with Mid-Town Office Products. Today Ron is going to work with his sales...
Under the Federal Rules of Civil Procedure, must leave of the court be obtained to take the deposition of a person detained in prison? Include the rule citation.
SSX Ltd has 5 million shares of common stock outstanding, 2 million shares of preferred stock outstanding, and 100,000 bonds (face value $1,000). The common shares are selling for $25 per share, the...
The profit (or loss) from an investment is normally distributed with a mean of $11,200 and a standard deviation of $8,250. a. What is the probability that there will be a loss rather than a profit?...
Using the spreadsheet in Sidebar 15-8, determine at what periodic interest rate a $5,000 cash receipt occurring at the beginning of year 1 is equivalent to five annual cash disbursements. The first...
Determine the quarterly, monthly, and daily interest rates for an annual percentage rate of 10%.
The results of running Skippy are shown for a mock disk (Disk Alpha) in Figure 6.25. a. What is the minimal transfer time? b. What is the rotational latency? c. What is the head switch time? Figure...
The two categories of debts (Liabilities) on a Classified Balance Sheet are Select one Las dos categoras de deudas (Liabilities) en un Estado de Situacin Clasificado (Classified Balance Sheet) son...
You have found your dream condo, which is listed for $269,000. You put 20% of the price of the home as a down payment, and take out a loan for the remaining cost. The bank offers you a 15-year fixed...
I have received substantial sums from investors in the last few months. We therefore want to expand our portfolio of investments by taking a significant minority investment in a company. The company...
NEWS ON INTEGRATION PROCESSES AND DEBATE OF GLOBAL EVENTS. Considering the changes of power that we are experiencing in the different international blocs, the start of the invasion of Ukraine, the...
TEK and Rights Inquiry Process - Research Traditional Ecological Knowledge and/or Indigenous Rights Rights through an Economic lens. Topics such as Hunting, Fishing, Trapping, Medicines are all...
The volume of blood in the body of a deep-sea diver is about 6.00 L. Blood cells make up about 55% of the blood volume, and the remaining 45% is the aqueous solution called plasma. What is the...
When is the indirect pattern appropriate, and what are the benefits of using it?
When an automobile manufacturer is careful to purchase only the highest-quality components for use in production, this is an example of an attempt to ensure high performance through________ control....
Why do public utility companies usually have capital structures that are different from those of retail firms?
Why EBIT is generally considered to be independent of financial leverage? Why might EBIT actually be influenced by financial leverage at high debt levels?
If a firm went from zero debt to successively higher levels of debt, why would you expect its stock price to first rise, then hit a peak, and then begin to decline?
The purpose of this assignment is to better understand what the important pieces of the Linux/Unix operating system that you might want to prioritize reviewing when you are doing a forensic...
What is the function of the Helix system? What are the benefits of this tool? How does it work in terms of digital evidence collection? How do you get evidence of Unix, Linux, and Mac OS operating...
Analyzing revenue, expense, and withdrawal transactions into debit and credit parts Use the chart of accounts for Hals Marketing Services given in Application Problem 2-2. Transactions: Mar. 25. Sold...

Determine the interest due on an $85,000 short-term loan, with a term of 300 days and a

Question:

Step by Step Answer:

Principal Amount 85000 Term Time 300 days Interest ...View the full answer

Construction accounting and financial management

Students also viewed these Finance questions