A man needed money to buy lawn equipment he borrowed 80000

Assignment Help Accounting Basics
Reference no: EM13388983

A man needed money to buy lawn equipment. He borrowed $800.00 for five months and paid $53.95 in interest. What was the rate of interest?

The rate of interest per year was

Reference no: EM13388983

Questions Cloud

Which matrix involves a framework that can help ensure that : 1.which of the following represents an operating opportunity to build value or sharing?2. the most compelling reason
Explain what does a positive value of enthalpy mean what : 1 what is enthalpy?2 what does a positive value of enthalpy mean? what does a negative value of enthalpy mean?3 what is
Discuss the issues of accounting firms going into the : 1q. identify the ethical and legal issues of which gerard needs to be aware.2q. discuss the advantages and
The government wants to do this by minimizing overall : the demand for a pack of 12 golf balls in albuquerque is p1000-.1q with supply p30. the demand for golf clubs is
A man needed money to buy lawn equipment he borrowed 80000 : a man needed money to buy lawn equipment. he borrowed 800.00 for five months and paid 53.95 in interest. what was the
Would there be differences in the decision making process : internally it may be necessary to communicate persuasively to a boss peer or subordinate. in a 250-300 word response
Determine the maturity value of a loan of 240000 after : determine the maturity value of a loan of 2400.00 after three years. the loan carries a simple interest rate of 7.7 per
Ethics are an important aspect of corporate culture the : 1.ethics are an important aspect of corporate culture. the tone at the top is part of what sets expectations for
Determine the interest paid on a loan of 2800 for two years : find the interest paid on a loan of 2800 for two years at a simple interest rate of 11 per year.the interest on a loan

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.

  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!

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