Calculate the amount of the last payment

Assignment Help Accounting Basics
Reference no: EM133171799

Question - A demand loan of $45,000 on November 05, 2020 at 5% pa. simple interest was settled by a payment of $700 on March 15, 2021 and the outstanding balance on June 15, 2021. Using the declining balance method, calculate the amount of the last payment.

Reference no: EM133171799

Questions Cloud

Describe tesla organization operations and logistics : For this assignment, on a Word document, ensure you answer the following prompts about TESLA and a minimum of 2 scholarly references.
Four types of common fdi investment vehicles : 1. What are the four types of common FDI investment vehicles?
Explain the communication process steps : Using the communication process from your reading and learning activity, explain the communication process steps you would use to find out about a product and p
Explain why research might be considered unethical : Explain why research might be considered unethical. Share your research topic and explain ethical considerations when conducting your research.
Calculate the amount of the last payment : A demand loan of $45,000 on November 05, 2020 at 5% pa. simple interest was settled by a payment of $700. Calculate the amount of the last payment
Define the word ergonomics : Research the term "ergonomically correct work space." Name five items that are considered essential to an ergonomically correct work space.
Adapt to the pandemic situation of the last year : Think of an organization that you are or have been part of - a workplace, religious or volunteer organization, even your own family.
Organizations have in knox mine disaster : What role did the union, management, and other organizations have in the Knox Mine Disaster?
Describe the context and needs addressed by the data : Describe the context and needs addressed by the data product. Consider organizational, consumer, and technological needs

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