What is the final amount due on the loan

Assignment Help Accounting Basics
Reference no: EM132736066

Question - Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. After 40 days, you make a partial payment of $1,000. What is the final amount due on the loan?

Reference no: EM132736066

Questions Cloud

Calculate the maximum CCA deduction allowed : Calculate the maximum CCA deduction allowed, ending UCC balance(s), and confirm whether or not there is a capital gain or capital loss
What are earmarks in government expenditures : What are earmarks in government expenditures and what are their pros and cons? What is discretionary spending and what are their pros and cons?
Quantitative and qualitative research : You will review both quantitative and qualitative research. The topic is Cyber Security or any Security IT-related and peer-reviewed, academic research piece
How do the teams manage their team boundaries : How do the teams manage their team boundaries? What are the trade-offs between internal cohesion and external ties within each type of team?
What is the final amount due on the loan : Suppose you take out a loan for 180 days in the amount of $12,500 at 15% ordinary interest. What is the final amount due on the loan
Determine weekly production quantities : Setup Cost = $100; WIP cost is minimal Determine weekly production quantities. What possible concerns should you also consider in solving this problem?
Compute the pension expense for the year : Veldre SpA provides the following information about its defined pension plan for the year 2019. Compute the pension expense for the year
L/617/2268 Computer and Network Technology Assignment : L/617/2268 Computer and Network Technology Assignment Help and Solution, OTHM Level 4 Diploma In Business Management - Assessment Writing Service
Calculate the carrying amount of each asset at June : The licence, acquired one year ago, has a 10-year life of which nine years remain. Calculate the carrying amount of each asset at June

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