How much is the amount of payment

Assignment Help Accounting Basics
Reference no: EM132606182

Question - To start a pastry business for the coming yuletide season, you took a loan of Php 25,000. Your banker loans you the money at a 15% annual interest rate, which you agree to pay back in four equal monthly installments. How much is the amount of payment?

Reference no: EM132606182

Questions Cloud

What is the quantity of money in the economy : In the Namibian economy, the commercial banks have deposits of N$600 billion. Their reserves are N$60 billion. All reserves are in deposits with the Bank of Nam
How much is the net book value on the third year : For a double declining depreciation schedule for a truck that was purchased for Php5M, How much is the Net Book Value on the THIRD year
What is the units-of-production depreciation : During the period of March to May, the machine produced 75 tonnes of ice. What is the units-of-production depreciation during the said period
Review the hill-burton article : Review the Hill-Burton article above under the "Review" section. Then, research newspaper articles that were written just before, during
How much is the amount of payment : To start a pastry business for the coming yuletide season, you took a loan of Php 25,000. How much is the amount of payment
How much is the interest payment for this loan : To start an RTW business, you took a loan of Php50,000. How much is the interest payment for this loan on the third year (using amortization)
Discuss the positioning approach used by benihana : Assuming you are interested in creating a restaurant that would compete with Benihana, describe your restaurant, beginning with the product
How much is the book value on the payment : If the fund was earning interest at 10% compounded quarterly, how much is the book value on the 5th payment
What was the most surprising thing learned : Do you see the rise of consumer power through evolving changes in technology? If so, how? If not, why not? What was the most surprising thing learned

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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