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a) Your company is planning to take $1,750,000 on a 3-year, 10%, annual payment, fully amortized term loan. What fraction of the payment made at the end of the second year will show repayment of principal?
b) It is now January 1. You plan to make a total of 5 deposits of $100 each, one each 6 months, with the first payment being made today. The bank pays a nominal interest rate of 8% but uses semi-annual compounding. You plan to leave the money in the bank for 15 years. How much will be in your account after 15 years?
Q. What do you understand by Exempt Organization? Exempt Organization - Organization that is normally exempt from paying federal income tax. Exempt organizations comprise relig
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A classmate is considering dropping his or her accounting class because he or she cannot understand the rules of debits and credits. Explain the rules of debits and credits in a wa
DIVIDENDS Dividends must be declared and paid in accordance with the following rules: 1) The first dividend must be declared and paid within four months of the first meeting o
Q. Example on investment appraisal method ? Contribution per unit = 3·00 - 1·65 = $1·35 per unit Total annual contribution = 20000 × 1·35 = $27000 per year Annual cash fl
State the users of accounting information Environment has brought new challenges for managers and other users of accounting information. Their requirements have changed and bot
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Simon Corporation's bonds have 12 years left over to maturity. Interest is paid yearly, the bonds have a $1,000 par value, and the coupon interest rate is 11.5%. The bonds have a y
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