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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?
calculation
XYZ Corporation recieves $100,000 from investors for issuing them shares of its stock. XYZ's journal entry to record this transaction would include a a debit to investment b credit
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Ely purchased a patent (with a remaining legal life of ten years) from Backo on January 1, 2010 for $300,000. Ely expected to use the patent for five years. The carrying value on B
PRESUMPTION OF SURVIVORSHIP Where two or more persons have died in circumstances rendering it uncertain which of them survived the other or others, the deaths shall, for all pu
what are methods of calculating depreciation?
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