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Question - Mel's building centre has three obligations outstanding on December 31 2021 as follows: Six year, 75,000 5% note payable issued December 31 each year starting in 2020.
Five-year, 90,000 4.5% note payable issued on November 30 2020. Mels Building Center required to pay 1,500 plus interest at the end of each month starting on December 31 2020.
Twenty-year, 600,000 3.75% mortgage payable issued on April 1 2004. Mel's building center is required to pay 2,500 plus interest at the end of each month starting on May 1 2004.
Calculate the amount of each note to be included in current and noncurrent liabilities on Mel's building centre December 31 2021 balance sheet.
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: - Explain the goals and uses of special journals.
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