What interest rate are you charging your friend

Assignment Help Accounting Basics
Reference no: EM133159576

Question - You lend a friend $11,000, for which your friend will repay you $28,904 at the end of 5 years what interest rate are you charging your friend?

Reference no: EM133159576

Questions Cloud

Trouble getting employees to return to the office : Research and discuss 3-5 reasons why some employers are having trouble getting employees to return to the office.
What is meant by the term moral compass : What is meant by the term 'moral compass' with respect to an individual's leadership mindset and practice? Is it advantageous for leaders today to have a strong
Summary of the current talent management system : A summary of the current talent management system in place?
Support the company goal of increasing learning : As an HR generalist, you also have learning and development responsibilities. To assist in the decision to purchase software, you have identified the learning t
What interest rate are you charging your friend : You lend a friend $11,000, for which your friend will repay you $28,904 at the end of 5 years what interest rate are you charging your friend
Promote successful team work : 1. With day to day activities consuming a manager's time, what approach must be taken to mentor and develop the team?
Prepare the future of work : How would training in an organization help an employee better prepare for the Future of Work?
Administrator of a health care organization : The administrator of a health care organization in a Texas city bordering Mexico that accepts Medicaid as a payor. Recent Medicaid policies and discounting have
Explain the planning process : Explain the planning process. Discuss the types of planning. What are the best practices found in and for the planning process?

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