Solution-Determine the accumulated amount in the account

Determine the accumulated amount in the account

Assignment Help Accounting Basics

Reference no: EM133115963

Questions -

Q1. How much is the interest that will be paid on a P25,000 loan that was made on May 1, 2002 and repaid on August 1, 2005 with (a) exact simple interest and (b) ordinary simple interest at 8% per year.

Q2. Deposits of P32,000.00, P28,000.00 and P15,000.00 are made in a savings account in the 1st year, 4th year, and 6th year, respectively. Determine the accumulated amount in the account after 7 years if a withdrawal of P10,000.00 and P25,000 was made in the 4th and 6th year, respectively. The applied interest rate is 11% compounded quarterly.

Reference no: EM133115963

Questions Cloud

Which bond is trading at a premium : The following bond list is from the business section of a newspaper on January 1, 2016. Notice that each bond shown matures on January 1 in 5, 10, or 30 years.

Capital budgeting : Capital budgeting is the process by which long-term fixed assets are evaluated and possibly selected or rejected for investment purposes.

What is the current market price of bonds : 1. Jackson Corporation's bonds have 15 years remaining to maturity. Interest is paid annually, the bonds have a $1,000 par value, and the coupon interest rate i

Future value of cash flow pattern : You have been offered the opportunity to invest in a project that will pay $1,340 per year at the end of years one through three and $9,062 per year at the end

Determine the accumulated amount in the account : Determine the accumulated amount in the account after 7 years if a withdrawal of P10,000.00 and P25,000 was made in the 4th and 6th year, respectively

Patagonia distribute all apparel and food products : How can Patagonia distribute all apparel and food products in packaging that is reusable, biodegradable, renewable, or easily recyclable by 2025?

Discussing several applications of artificial intelligence : Discussing several applications of artificial intelligence, machine learning and data science and Compare and contrast different approaches

Determine the cost per equivalent unit of direct material : Atlantis uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of direct material

Discuss about the saudi nomu-parallel market : 1. Discuss about the Saudi Nomu-Parallel Market? 2. Explain All types of payment systems offered by SAMA?

User Account

All Pages

Determine the accumulated amount in the account

Reference no: EM133115963

Reference no: EM133115963

Questions Cloud

Reviews

Write a Review

Accounting Basics Questions & Answers

How much control does fed have over this longer real rate

Coures:- fundamental accounting principles

Accounting problems

Theory of interest - term structure of interest rates

Write a report on internal controls

Prepare the bank reconciliation for company

Cost-benefit analysis

Theory of interest

Liquidity and profitability

What is the expected risk premium on the portfolio

Simple interest and compound interest

Capm and venture capital

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT