What was the principal amount of a loan at 9 % if $67.78 of interest accrued
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 84% (13 reviews)
Number of days April 14 2011 October ...View the full answer
Answered By
Albert Kinara
i am an expert research writer having worked with various online platform for a long time. i also work as a lecturer in business in several universities and college part time and assure you well researched and articulate papers. i have written excellent academic papers for over 5 year and have an almost similar experience experting many clients in different units. bachelor of commerce (finance)
masters in strategic management
phd finance
4.60+
26+ Reviews
48+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
The total accrued interest owed as of August 31 on a loan advanced the preceding June 3 was $169.66. If the variable interest rate started at 8 %, rose to 9% effective July 1, and increased another ...
-
The interest paid on an 11-month loan at 10 % was $328.85. What was the principal amount of the original loan?
-
A solid waste disposal company borrowed money at 10% per year interest to purchase new haulers and other equipment needed at the company owned landfill site. If the company got the loan 2 years ago...
-
Classify the effect of a distribution in a year when the distributing corporation has the following conditions. a. A deficit in accumulated E & P and a positive amount in current E & P. If a...
-
The Village of Oakridge, which was incorporated recently, began financial operations on July 1, 2012, the beginning of its fiscal year. The following transactions occurred during this first fiscal...
-
Determine whether the following statements are true and give an explanation or counterexample. a. A pyramid is a solid of revolution. b. The volume of a hemisphere can be computed using the disk...
-
How can you ensure that a pattern provides the correct solution for your problem?
-
You have a choice of borrowing money from a finance company at 24 percent compounded monthly or borrowing money from a bank at 26 percent compounded annually. Which alternative is the most attractive?
-
Drawing S-0503 calls for a field weld. What is the size of the weld? Image transcription text 4X4 CONTINUOUS STRUCTURAL GRADE (2) #12 WOOD SCREWS, 7" LONG CONNECTING LUMBER RAILS BETWEEN MESH TO RAIL...
-
Three models of baseball bats will be manufactured in a new plant in Pulaski. Each bat requires some manufacturing time at either Lathe 1 or Lathe 2, according to the following table. Your task is to...
-
An $85,000 investment earned a 6.9% rate of simple interest from December 1, 2010, to May 30, 2011. How much interest was earned?
-
On June 26 Laura put $2750 into a term deposit until September 3, when she needs the money for tuition, books, and other expenses to return to college. For term deposits in the 60 to 89-day range,...
-
Why is it important to find out how the end users and managers feel about the problem solution that the system analyst has identified?
-
A box contains one each of \(\$ 1, \$ 5, \$ 10, \$ 20\), and \(\$ 100\) bills. You reach in and withdraw one bill. What is the expected value?
-
In Problem 41, suppose that the income for hitting oil is changed to \(\$ 825,000\) and the income for gas to \(\$ 225,000\). Now what is the expectation for the drilling company? Should the company...
-
Suppose events A, B, and C are independent and \[P(A)=\frac{1}{2} \quad P(B)=\frac{1}{3} \quad P(C)=\frac{1}{6}\] Find the probabilities in Problems 5-12. a. \(P(\bar{A})\) b. \(P(\overline{A \cap...
-
Consider a state lottery that has a weekly television show. On this show, a contestant receives the opportunity to win \(\$ 1\) million. The contestant picks from four hidden windows. Behind each is...
-
Determine whether each of the figures in Problems 30-37 will be a solution to an Instant Insanity puzzle.
-
Find the area of the surface given by z = (x, y) over the region R. f(x, y) = 2 + 3y/2 R = {(x, y): 0 x 2,0 y 2-x}
-
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
-
Evaluate each of the following, accurate to the nearest cent or two decimal places. What is 2.75% of $2.75?
-
Evaluate each of the following, accurate to the nearest cent or two decimal places. What is 33 1 3 % of $1527?
-
Evaluate each of the following, accurate to the nearest cent or two decimal places. $ 550 (1 + 0.115 2) 4
-
Apple has purchased land for $500,000 for their new factory. They make a down payment of $100,000, and the remainder is financed at (AAA+10) percent compounded semi-annually with semi-annual payments...
-
Task: Sarah is a 32 year old accounting executive who recently married her partner of 6 years, Austin. Sarah and Austin have decided they would like to try for a baby. Sarah has concerns around her...
-
Suppose CORP generates $100M in revenue by selling products currently in the firm's inventory. The sales are paid in cash and have a COGS of $80M. What is the effect of these sales on CORP's NOPAT...
Study smarter with the SolutionInn App