How much of the payment is interest

Assignment Help Accounting Basics
Reference no: EM133079411

Question - The lawyer for a credit union member has sent a cheque for $2667.64 in full settlement of the? member's loan balance including simple interest at 2 1/2% for 4 months. How much of the payment is interest?

Reference no: EM133079411

Questions Cloud

Applying key concepts from the chapter : Answer the questions based on what you have learned from the video and by applying key concepts from the chapter(s) and GCE outcomes.
What is the break-even level in boxes of chocolates : The variable costs of each chocolate box are $28 and monthly fixed manufacturing costs total $16,000. What is the break-even level in boxes of chocolates
Flow charts available for process modeling : What are the different types of flow chartsavailable for process modeling? Explain each one with an example.
Describe the key elements to the cynefin framework : 1) Describe the key elements to the Cynefin framework. Provide an original example for two elements?
How much of the payment is interest : The lawyer for a credit union member has sent a cheque for $2667.64 in full settlement of the? member's loan balance. How much of the payment is interest
Understand the organization soulful purpose : Do the stated mission, vision, and values provide a strong foundation from which to clearly understand the organization's Soulful Purpose?
Explain when marketing research should be conducted : Explain when marketing research should be conducted. Describe how and why product warranties are important marketing tools
Fnd an expression for pro?t function : A ?rm is the only supplier of two goods, X and Y, and the demand equations for these goods are 4m+px=200 and 2y+py=152 where 39).; and py are the prices and x a
Barter economy and a money-based economy : Distinguish between a barter economy and a money-based economy, making sure to indicate the role of transaction costs in each system.

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