Bank for the second year of loan

Assignment Help Accounting Basics
Reference no: EM13151241

A $10,000 loan was obtained from a bank at 12% annual interest. The loan is to be repaid in four equal year-end installments. What amount of interest revenue should be recognized by the bank for the second year of the loan?

Reference no: EM13151241

Questions Cloud

What is the optimal capital/labor ratio : What is the optimal capital/labor ratio? If the firm can spend a total $320 in K and L, what is the optimal amount of K and the optimal amount of L?
Government is attempting to take property : Ikerd was entering the United States from a trip abroad when the Customs Service confiscated some goods she had purchased and brought back with her. The determination of whether the government is attempting to take property and what type of hearin..
What is the ph of the plasma : At 37C, if the plasma pH is 7.4 and the plasma concentration of HCO3 is 15 mM, what is the plasma concentration of H2CO3? What is the plasma concentration of dissolved CO2?
Explain what will be the ph of the mixture : If 2 volumes of 0.1 M monobasic potassium phosphate, KH2PO4, are mixed with 1 volume of 0.1 M dibasic sodium phosphate, Na2HPO4, what will be the pH of the mixture?
Bank for the second year of loan : The loan is to be repaid in four equal year-end installments. What amount of interest revenue should be recognized by the bank for the second year of the loan?
Find percentage of data values that will fall in range : The average labor charge for automobile mechanics is $54 per hour. The standard deviation is $4. Using Chebyshev's theorem, find the percentage of data values that will fall in the range of $48 to $60.
Make cash budget of kelly''s boutique : make  cash budget of Kelly's Boutique
How altered enzyme structure affects enzyme activity : explain how an illness with a fever could affect the digestive system of human.
Draw the general structure of a carbohydrate : Draw the general structure of a carbohydrate,saturated and unsaturated fats and nucleic acid.What does a pH scale measure?

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