User Account

All Pages

Find how much of the first payment goes to interest

Assignment Help Financial Accounting
Reference no: EM133002702

Problem 1: A $13300 car loan is to be repaid with monthly payments of $399.00. If the simple interest rate is 8.5%, using the U.S. Rule, how much of the first payment goes to (a) interest and (b) principal?

Reference no: EM133002702

Questions Cloud

Find amount of simple interest that bill pays on loan : On March 20, 2020, Bill borrows $625 for 45 days at 14.25% simple interest. Determine the amount of simple interest that Bill pays on the loan.
What was the total peso cost of the loan agreement : If Marvel borrowed P15,000,000 immediately after the agreement was signed and repaid at the end of one year, what was the total peso cost of the loan agreement
Compute equivalent cash price of an item that be purchased : Find the equivalent cash price of an item that can be purchased for $1775 down, and $1900 paid at the end of 4 years if money is worth 11.25%
Calculate the intrinsic value of its common equity : Watkins currently holds $325,000 of nonoperating marketable securities. Calculate the intrinsic value of its common equity
Find how much of the first payment goes to interest : A $13300 car loan is to be repaid, If the simple interest rate is 8.5%, using the U.S. Rule, how much of the first payment goes to interest and principal?
Should Technology Inc Ltd accept the order : Should Technology Inc. Ltd accept the order if the buyer offers $38 per unit for 10,000 desktop computer printers
What is the breakeven number at which bd should clear land : What is the breakeven number at which BD should clear land itself? Boggy Developers contracts with Forestry management $120 per hour
What the amount that should be carved out : A pet store is subject to a 5% sales tax. If the gross amount is $32,000 then the amount that should be carved out and recorded as sales taxes payable?
What is the breakeven number at which bd should clear land : What is the breakeven number at which BD should clear land itself? Boggy Developers contracts with Forestry management $120 per hour

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd