Question: please answer this quickly!! A $10,000, 5 year promissory note dated January 1, 2020, bearing interest at 8% compounded annually is discounted on June 1,

please answer this quickly!! please answer this quickly!! A $10,000, 5 year promissory note dated January

A $10,000, 5 year promissory note dated January 1, 2020, bearing interest at 8% compounded annually is discounted on June 1, 2021 at 10% compounded semi- annually. What are the proceeds of the note on June 1, 2021? 1 B I ili Adam borrowed $6,000 at 10% compounded semi-annually. He repaid $1,500 after two years and $2,500 after three years. How much will he still owe after five years

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Case Study Suppose that you are the consultant hired by a manufacturing company to design a suitable inventory management strategy for its Alloy #1 products for determining the weekly production...

Please answer only part 6. Comprehensive Problem McCadden Company started business on January 1, 2020. The following transactions and events occurred in 2020 and 2021. For simplicity, information for...

X Company issued at par 4-year term bonds with a par value of $100,000, dated January 1, 2020, and bearing interest at an annual rate of 6 percent payable annually on December 31. At the time of...

Question 1 (10 marks) Mac Ltd. provides legal advice to customers for fees. On 30 June 2020, Mac Ltd. completed its first year of operations. Some of the ledger account balances of the business,...

please help me with both questions thank you Santial com Maruto On January 1, 2020 Jet Air Inc contracted with Systems Plus Inc. to manufacture heavy equipment. Jet Alt loc issued a $87.500 note to...

Need help for reviewers Number 1 and 2 On December 31, 2020, Jamie, Anthony, and Barbie organized JAM partnership wherein Jamie contributed P3,200,000 for 20% interest in the partnership. Barbie...

ACCOUNTS RECEIVABLE A. The total balance of accounts receivable ce of accounts receivable includes trade and non-trade, P 1.260,000. B. Verifications of accounts further revc 12.31.19: of accounts...

Table PV-1 PRESENT VALUE OF 1 (n) periods 7% 0.98039 0.97561 0.97087 0.96156 0.95238 0.94340 0.93458 0.92593 0.91743 0.90909 0.90090 0.89286 0.86957 0.961170.9518 0.94260 0.92456 0.90703 0.89000...

please try and answer all questions :) Prepare the first two years of a straight-line amortization table. Note: Round your intermediate and final answers to the nearest whole d Complete the below...

A rod 14.0 cm long is uniformly charged and has a total charge of -22.0 C. Determine the magnitude and direction of the electric field along the axis of the rod at a point 36.0 cm from its center.

Select a large organization and research their corporate social responsible plan.(i like starbucks organization) it would be easier to select a company that is publically traded. Write a report with...

7.88 The circuit in Fig. 7.148 (a) can be designed as an approximate differentiator or an integrator, depending on whether the output is taken across the resistor or the capacitor, and also on the...

Federal Income Taxation Problem Question 1. Amelia and Addison are your grandparents. Amelia and Addison asked you to help them with their tax return in 2020. Below is a few financial info that they...

Wave Runners is a boat rental business that has the following costs over the relevant range of 12,000 to 18,000 operating hours for its boats: Required: 1. Complete the schedule of the company's...

Discuss the right to life in view of FDRE constitution? What arguments can you forward for the legalization or for the illegalization of death penalty?

Below is a partial balance sheet of WOU Berhad The company declared a 2 for 1 stock split. i) Calculate the new par value. ii) Calculate the new numbers of share outstanding. Common stock (RM 2)...

Explain the notion of it takes many audits to offset the cost of one lawsuit. Describe the difference between business failure, audit failure, and audit risk. Describe what happened in the BarChris...

Be brief: how has containerization contributed to significantly more efficient intermodal shipment operations and, consequently, a truly globalized shipping economy?

What are the steps that the EEOC uses once a charge is filed?

What are the main issues pertaining to lapses in ethical practice, failure to be socially responsible, or harmful environmental practices that were reported in the news about this company?

What would you do?