Determine the accumulated value of a promissory note of P = $ 2000 made 6 times a

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

Question:

Determine the accumulated value of a promissory note of P = $ 2000 made 6 times a year at 16% interest compounded 6 times a year for a term of 2 years. Select a

A 2742.73
b 8640.00

C 27852.49 O

d 2400.00

Related Book For answer-question

Accounting Principles

ISBN: 978-0470533475

9th Edition

Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso

See More Books

Posted Date: Dec 14, 2020 02:28 PM

See More Questions

Determine the accumulated value after 12 years of deposits of $360 made at the beginning of every 3 months and earning interest at 7% compounded quarterly.
Determine the proceeds of a promissory note with a maturity value of $1800 due on September 30, 2022, discounted at 8.5% compounded semi-annually on March 31, 2019.
The accumulated value of an income with n semiannual and advance terms of 950 each is 46,855.85. Knowing that the first term is due 8 months after hiring the rent and that the interest rate is 6%...
Graph the sets of points whose polar coordinates satisfy the equations and inequalitie. = 2/3, r -2
Condelle Systems and Marcodious Ltd. were competitors in the security systems industry. For a number of years, Condelle had a substantial contract with Correctional Services of Canada for technical...
What are the differences between content and process theories of motivation?
In Exercises 1518, use the given set of points to a. Compute b1. b. Compute the residual standard deviation se. c. Compute the sum of squares for x, (x x)2. d. Compute the standard error of b1, sb....
Farrah and Davidson had beginning capital balances of $25,000 and $20,000, respectively. The two partners fail to agree on a profit-and-loss ratio. For the first month (June 2012), the partnership...
Sam aged 22 purchase a 30 year deferred whole life annuity due of 11000 per year as soon as the Sam as alive. Assume that annual premiums of P and 4P, determined using equivalence principle, are paid...
What are the major causes of information risk? How can information risk be reduced?
Here are some regular expression patterns: \\d one digit \\d? optional digit \\d zero or more digits \\d+ one or more digits The regular expression pttern to match one digit is ^\\d$ Write the...
Identify three circumstances in which an adoption may be challenged.
Identify a minimum of five reasons why victims stay in abusive relationships.
Explain the difference between absolute and gage pressures.
Describe the nature and purpose of a personal safety plan.
Describe the nature and potential significance of an at-risk adoption.
Jacob is a member of WCC (an LLC taxed as a partnership). Jacob was allocated $95,000 of business income from WCC for the year. Jacob's marginal income tax rate is 37 percent. The business allocation...
a. What is the cost of borrowing if Amarjit borrows $28 500 and repays it over a four-year period? b. How many shares of each stock would he get if he used the $28 500 and invested equally in all...
For each of the following items before adjustment, indicate the type of adjusting entry (prepaid expense, unearned revenue, accrued revenue, and accrued expense) that is needed to correct the...
The following stockholders equity accounts arranged alphabetically are in the ledger of Jenkins Corporation at December 31, 2010. Common Stock ($10 stated value) ............ $1,200,000 Paid-in...
Hashmi Companys investments in available-for-sale securities at December 31 show total cost of $195,000 and total fair value of $205,000. Prepare the adjusting entry.
The presence of air in the brake system fluid causes the brake pedal to feel __________________.
Three main components of pst brake antiskid systems are __________________, __________________ and a __________________.
__________________ pressure bleeding is not an option for power brakes; the air trapped in the brake system would be forced into the main hydraulic system, which should operate without air in the...

Determine the accumulated value of a promissory note of P = $ 2000 made 6 times a

Question:

Expert Answer:

Accounting Principles

Students also viewed these finance questions