User Account

All Pages

Find the amount of interest on a loan

Assignment Help Accounting Basics
Reference no: EM132229168

Question - Using the ordinary interest method, find the amount of interest on a loan of $2,600 at 12% interest for 120 days.

A. $104

B. $102.58

C. $2,702.58

D. $453.61

Reference no: EM132229168

Questions Cloud

Feelings regarding the article walmart in mexico : What is your general impression, thoughts or feelings regarding the article Walmart in Mexico?
Calculate net profit : Question - Net Sales are $1,320,500. Cost of Goods Sold is $814,300. Operating Expenses are $418,500. Calculate Net Profit
Implications for union and management with situation : Discuss the implications for the union and management with this situation.
What are crystal proceeds on the loan : The discount rate is 13.25% and the term of the note is 120 days. What are Crystal's proceeds on the loan? (Use Ordinary Interest)
Find the amount of interest on a loan : Question - Using the ordinary interest method, find the amount of interest on a loan of $2,600 at 12% interest for 120 days
Describe the difference between simple and complex problems : Describe the difference between simple and complex problems. Describe how you might approach each differently.
Identify and describe leadership skill in sale industry : Identify and describe leadership skill in sale industry and how will you adopt (leadership skill) to develop leadership skill in your staff?
How much interest will the bank collect : Spencer's Home Repair borrows $3,000 at 12.75% interest, for 330 days. If the bank uses the exact interest method, how much interest will the bank collect
Output of aggregate production planning : Which of the following is not an output of Aggregate production Planning? Discuss about theory of constraint with its principles.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd