Question: Ted signed a simple interest note with a face value of P8,500, an interest rate of 12 1/2% and a term of 9 months. Find

 Ted signed a simple interest note with a face value of P8,500, an interest rate of 12 1/2% and a term of 9 months.

Find

a) maturity date;

b) interest;

c) maturity value.

Step by Step Solution

★★★★★

3.47 Rating (147 Votes )

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!

Q:

The distance from point B to point D in Figure P1.7 is 3.15 km while the distance from A to B is 3.45 km. What is the distance from A to D? Be sure to give the correct number of significant figures...

Q:

The uniform heavy bar AB of mass m is moving on its light end rollers along the horizontal with a velocity v when end A passes point C and begins to move on the curved portion of the path with radius...

Q:

An interest bearing promissory note with a face value of 20,000 is to be charged interest at the rate of 9.5% p.a. and is due in 12 months. (i)What would be the proceeds of the note if it is sold...

Q:

1.) The bank at the rate of 15.75% discounts a promissory note with a face value of 35,000. The term of the note is 3 months. Find the proceeds of the note. 2.) A promissory note has a face value of...

Q:

A loan for $3,000 with a simple annual interest rate of 15% was made on June 15 and was due on August 15. 11. Find the exact interest. 12. Find the ordinary interest. 13. The loan in exercise 11 was...

Q:

help 8:23 docs.google.com The maturity date for 3 months note issued on November 1, 2021 is: May 1, 2021 April 30, 2021 March 1, 2021 July 1, 2021 None of the above The maturity date for 60 days'...

Q:

ACCT 3110 Practice Case Instructions - Case will be worked individually and submitted, electronically, in typed format on April 14, 2019 by 10 pm CT in Blackboard. Students have check figures given...

Q:

PLEASE HELP ME WITH THIS!! Spreadsheet Project 1: Calculating the Cost of Capital Due Dec 4, 2015 This project has two parts. In Part One, you will be estimating the betas of three firms using...

Q:

Help needed! I have been really struggling with this project. AutoSave . Off) H Project 1_2020 Fall - Saved to this PC O Search Andrew Warren AW X File Home Insert Draw Design Layout References...

Q:

I JUST NEED ANSWERS.. (NOT WORKING METHOD) 1) Bob's BBQ signed a note with a face value of $19,800.00 on September 11. The note is for 90 days and carries an interest rate of 8%. Find the due date...

Q:

A firm earnings per share of $4.50 and with $300,000 in current assets, $275,000 in current liabilities with total equity of $200,000 pays dividends per share of $2. What is it's dividend payout...

Q:

Use Excel to answer the questions below. Formulate the null and alternative hypothesis. Present the answer in tabulated form and indicate the decision in the table. Follow the example of tabulated...

Q:

Marcia, a project manager, was in charge of assigning tasks for the school's barbecue fundraiser. One of the team members, Larry, hated to cook but was an excellent bartender. Marcia should develop a...

Q:

A Production Facility has produced 615,000 products and would like to allocate these products to their customers. Given the following requested customer demand, calculate how much of the EXCESS...

Q:

The December cash records of Devin Insurance follow: (Click the icon to view the checkbook.) Devin's Cash account shows a balance of $16,320 at December 31. On December 31, Devin Insurance received...

Q:

SoGood Candy Company is evaluating its quarterly working capital needs. Using the information below, calcuate the working capital, permanent working capital, and temporary working capital needs for...

Q:

PINAL EXAMINATION--Page to Accounts Receivable and a credit to allowance for Doubtful Accounte 21. To record eatimated uncollectible accounte using the allowance method, the adjusting entry would be...

Q:

A Alkynes can be made by dehydrohalogenation of vinylic halides in a reaction that is essentially an E2 process. In studying the stereochemistry of this elimination, it was found that...

Q:

Joan is a self-employed attorney in New York City. Joan took a trip to San Diego, CA, primarily for business, to consult with a client and take a short vacation. On the trip, Joan incurred the...

Q:

Patty Bayan is a single taxpayer living at 543 Space Drive, Houston, TX 77099. Her Social Security number is 466-33-1234. For 2012, Patty has no dependents, and her W-2 from her job at a local...

Q:

Janie graduates from high school in 2012 and enrolls in college in the fall. Her parents pay $4,000 for her tuition and fees. a. Assuming Janie's parents have AGI of $170,000, what is the American...

Q:

2. Which animal species would have the longest axonspg109

Q:

11. Many people believe the human appendix is useless. Will it become smaller and smaller with each generationpg109

Q:

15. Does the all-or-none law apply to dendritespg109 Why or why notpg109