Question: Rote plans to borrow P 8 0 , 0 0 0 from Thai Bank for a period of 3 years and 6 monthsat 1 1

Rote plans to borrow P 80,000 from Thai Bank for a period of 3 years and 6monthsat 11.5% simple interest per year.Required: Determine the effective interest of the loan if Ruthie issues a:1. Simple interest promissory note2. Discounted interest promissory note

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 Finance Questions!

Q:

On January 1, 2024, Avalanche Corporation borrowed $100,000 from First Bank by issuing a two-year, 8% fixed-rate note with annual interest payments. The principal of the note is due on December 31,...

Q:

give correct only678 16. Consider three stocks: Q. R and S. Beta STD (annual) Forecast for Nov 2008 Dividend Stock Price Q 0.45 35% $0.50 $45 R 1.45 10% 0 $75 S -0.20 40% $1.00 $20 33 2008, Andrew W....

Q:

D8 - fx B D E F G H j K L M N R s T V w X Y 1 2 3 Basic Time-Value of Money Problems Total Number of Questions: 31 4 1a. What would the future value of $500 be after 5 years at 10% compound interest?...

Q:

PowerPoint Assignment for BUS 401: Principles of Finance You have been asked by a manager in your organization to put together a training program explaining Net Present Value (NPV) and Future Value...

Q:

(Risk retum trade-off) CL Marshall Liquors owns and operates a chain of beer and wine shops throughout the DallasFort Worth metroplex The rapidiy expanding population of the area has ruited in the...

Q:

Chapter 7:7.2 #2 (p. 168) Chapter 8:8.2 #3 (p. 205) Chapter 9:9.2 #1 (p. 225) a., b., and c. (for c., only answer the adjustable rate mortgage part Chapter 7 from Personal Finance was adapted by The...

Q:

13. What is a lower bound for the price of 3-month call option on a non- dividend-paying stock when the stock price is $50, the strike price is $45, and the 3-month risk-free interest rate is 8%?...

Q:

i need some one toanswering these three questions. make sure to include apa format for the information pretty straight forward. Attached below are the chapters. Chapter 7: 7.2 #2 (p. 168) Chapter 8:...

Q:

GOOD DAY MY BEST WRITER ATTACHED HERE IS MY INT 620 FINAL PROJECT ,I AM ALSO ATTACHING WHAT I HAVE WRITTEN ON HISTORIC BACKGROUND, MILESTONE ONE ,AND MILESTONE TWO FOR YOU TO COMBINED UPGRADE AND DO...

Q:

Need to complete 10 homework but now i need 5 homework then after some time 5 homework more. Here it is attachment. Chapter 5 HW Questions [ALL OF THESE MUST BE DONE IN EXCEL] 1. Future value: Chuck...

Q:

Please help, also could you show the formulas as well. Please help. Does it look better now, the first excel sheet goes all the up to 12 & then the total. please Sprinkles Ice Cream Shoppe Please...

Q:

A partial worksheet for Ace Adjusters is presented below. Solve for the missing information. A M. Income Statement Balance Sheet Debit Credit Debit Credit $ 20,600 $ 60,100 32 Total 33 Net (c) (a)...

Q:

A diesel-powered generator with a cost of $345,000 and estimated residual value of $18,000 is expected to have a useful operating life of 75,000 hours. During July, the generator was operated 1,250...

Q:

What are some key differences between ABC and unit-based costing?

Q:

On 1 March 2007 DB Limited issued R560 000 15% debentures at R98. The debentures were to be redeemed at par in four equal annual payments starting 28 February 2010. Required: Journalise the above...