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1. A loan was repaid in five years by end-of-quarter payments of $1,200 at 9.5% compounded semi-annually. How much interest was paid? 2. A mortgage of $95,000 is to be amortized by monthly payments over 25 years. If the payments are made at the end of each month and interest is 8.5% compounded semi-annually, what is the size of the monthly payments? (3 marks) 3. A $45,000 mortgage is repaid in 20 years by making monthly payments of $387.72. What is the nominal annual rate of interest compounded semi-annually? 4. What is the size of monthly deposits that will accumulate to $67,200 after eight years at 6.5% compounded semi-annually? 5. Joy would like to receive $6,000 at the end of every 3 months for 10 years after her retirement. If she retires now and interest is 6.5% compounded semi-annually, how much must she deposit into an account? 6. Find the present value of payments of $960 made at the beginning of every month for seven years if money is worth 6% compounded monthly. 7. Bruce needs construction tools and equipment to start his new job. He has signed a lease contract valued at $5,200, and will make payments of $270 at the beginning of every three months for six years. What is the nominal annual rate of interest compounded quarterly charged on the lease? 8. A lease requires monthly payments of $950 due in advance. If interest is 12% compounded quarterly and the term of the lease is five years, what is the cash value of the lease? 9. Elsie Shen wants to withdraw $6,000 at the beginning of every 3 months for 20 years, starting at the date of her retirement. If she retires in 18 years and interest is 4.68% compounded quarterly, how much must she deposit into an account every quarter for the next 18 years, starting now? 10. New Brunswick Bank pays a quarterly dividend of $0.75 per share. If comparable investments yield 4.16% compounded monthly, what is the sales value of the shares?
At the formation of the BD Partnership, Betty contributes land with a basis of $10,000 and a FMV of $30,000 and Dick contributes cash of $30,000. Betty and Dick share profits and losses equally. When the land is sold two years later for $50,000, B..
At the beginning of the fiscal year, the balance sheet showed assets of $1,364 and owners' equity of $836. During the year, assets increased $74 and liabilities decreased $38. Owners' equity at the end of the year totaled:
EBV is considering a $5M Series A investment in Newco. EBV proposes to structure the investment as 6M shares of convertible preferred stock.
A company's 2010 income statement reported total sales revenue of $1,200,000; accounts receivable increased by $25,000 and the unearned revenue account decreased $15,000 during 2010. How much cash was collected from customers during 2010?
company x sells on a 120 net 90 basis customer y buys good with an invoice of 2500. what is the effective annual rate
Research and development costs for projects other than software development should be:
differentiating depreciation methods discuss and differentiate straight line method of depreciation and accelerated
The project will generate positive cash flows of $85,000 a year at the end of each of the next five years. The project's NPV is $100,000 and the company's WACC is 10 percent. What is the project's simple, regular payback?
instructionsa journalize the closing entries at april 30.b post the closing entries to income summary and retained
shimon corporation manufactures industrial-sized water coolers and uses budgeted machine-hours to allocate variable
storm occurrence services sos offers services to secure houses and properties when major storms are forecast for an
Prepare the journal entry to record the issuance of the bonds and the related bond issue costs incurred on January 1, 2009.
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