Solution-Compute what cash proceeds received from the

Compute what cash proceeds received from the issuance

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Reference no: EM132492248

Bentley Company issues a 12%, 7-year mortgage note on January 1, 2015, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $48,500.

Question 1: What were the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.g. 25.25.)

G-21 Romeo Cruz has been offered the opportunity of investing $37,770 now. The investment will earn 6% per year and at the end of that time will return Romeo $76,000.

Question 2: How many years must Romeo wait to receive $76,000? (Round answer to 0 decimal places, e.g. 25.)

G-22Andrea Stone made an investment of $14,386.28. From this investment, she will receive $2,700 annually for the next 9 years starting one year from now.

Question 3: What rate of interest will Andrea's investment be earning for her? (Round answer to 0 decimal places, e.g. 25%.)

Reference no: EM132492248

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Compute what cash proceeds received from the issuance

Reference no: EM132492248

Reference no: EM132492248

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