How long will take to repay the loan

Assignment Help Financial Accounting
Reference no: EM132939098

Problem 1: Distinguish between ordinary annuity and annuity due.

Problem 2: Eryna was a student at Universiti Teknologi MARA. She borrowed RM22.000 in student loans at an annual interest rate of 9%. If Eryna repays RM2.500 per year how long will she take to repay the loan? Do interpolation.

Reference no: EM132939098

Questions Cloud

How vision and mission statements relate with hrm : How vision and mission statements relate with HRM? Give the comparison of different levels of strategic planning
How much are the firm sales for Triangular Chemicals : How much are the firm sales for Triangular Chemicals? Triangular Chemicals has total assets of $90 million, a return on equity of 44 percent.
How much would be the hot money ratio of the bank : Federal fund sold = $200m, Federal fund purchased = $150m and Total asset = $1750m. How much would be the Hot Money Ratio of the bank
What is the future value of the cash flows at end of year : RM20.000 per year for the first eight years, If the interest rate is at 14%, what is the future value of the cash flows at the end of year eleven?
How long will take to repay the loan : Eryna was a student at Universiti Teknologi MARA. She borrowed RM22.000 in student. If Eryna repays RM2.500 per year how long will she take to repay the loan?
What is the price of the share four years from now : Last week it paid a dividend of $1.47. If the required rate of return is 16 percent p.a., what is the price of the share 4 years from now
How much should harith deposit each year : If Harith would like to accumulate RM 10,000 over the five (5) years, how much should Harith deposit each year given 7% annual payment.
Employee health and wellness at africa news : In recent years competition facing Africa News, a publishing company, has been increasing and has impacted negatively on sales and profits. Against this backgro
Determine the amount that ainul will have to pay each year : The tenure of loan is for 7 years at an interest rate of 8% per annum. Determine the amount that Ainul will have to pay each year for 7 years?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Find what is the interest rate on the loan

You borrow $8,000 from your uncle and agree to repay in the three years an amount of $9,250. What is the interest rate on this loan?

  Prepare bond amortization table from inception to maturity

Prepare the bond amortization table from inception to maturity date. Cash interest: 5% per annum, payable on December 31. Principal amount: P4,000,000

  Why financial statement analysis is important

What you learn about Financial management? What is the importance of financial management in present and future? Why financial statement analysis is important?

  Completion percentage for conversion costs

would we expect to see a difference in the end percentage for direct materials against the completion percentage for conversion costs?

  How do prepare comparative condensed income statements

The management of Waterway Inc. is reevaluating the appropriateness. Prepare comparative condensed income statements for 2020 under FIFO and LIFO.

  Explain the accounting treatment to record issuance of bonds

Wide Angle Bhd, Explain the accounting treatment to record issuance of the bonds between interest date and interest expenses on 1 July 2019.

  What the share price at the beginning of the second year

In the Gordon Growth Model, the share price at the beginning of the second year can be computed as? Find the required rate of return

  Prepare the journal entry philcorp would make to record sale

Prepare the journal entry Philcorp would make to record the sale. On January 1, 2019, Philcorp acquired 7,000 of the outstanding 10,000 shares of Anderco

  Costs or potential costs associated with the provision

Now Leasing Inc, a worldwide airfreight service company based in US, has entered into a lease agreement with First Lessor Co., to lease three cargo airplanes for a 20-year non-cancelable lease. Now Leasing pays Smith & Perry Inc., its external legal ..

  Show dow chemical journal entry made to record settlement

Show Dow Chemical journal entry made to record the settlement. In June of 2019, Dow's lawyers believed it was probably going to lose and would have to pay

  Which circumstances does substantial doubt exist

Which circumstances does substantial doubt exist about an entity's ability to continue as a going concern? The entity is not in compliance with statutory

  What is conundrum expected terminal enterprise value

Conundrum has cash of $80 million, debt of $60 million, and 30 million shares outstanding, what is Conundrum's expected terminal enterprise value?

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