Solution-What the interest rate you received should be

What the interest rate you received should be

Assignment Help Managerial Accounting

Reference no: EM132961720

Question - You take out a 20 year mortgage of $85,000 to purchase a large vacation home in Kansas (heck, it's Kansas - you expected it to be expensive?). Your annual payment to the bank is $7,000 but you forgot what the interest rate was. Use your financial knowledge to figure out (approximately) what the interest rate you received should be.

Reference no: EM132961720

Questions Cloud

What amount will be reported in box a of dahlia : Union dues of $350.00 and employer Registered Retirement Savings Plan contributions of $776.00. What amount will be reported in Box A of her RL-1?

What amount will be posted to wp capital : What amount will be posted to WP Capital, in the process of closing the income summary account assuming all accounts have normal balances?

What should ball co recognize for lease in journal entries : On January 1, 2010, Ball Co. leases a bulldozer. What should Ball Co. recognize for this lease in journal entries on 1/1/2010, 12/31/2010, and 12/31/2011?

What amount will jensen recognize as interest income : The note bears no stated interest rate, but requires the entire $80,000 to be repaid at the end of five years. What amount Jensen recognize as interest income

What the interest rate you received should be : Your annual payment to the bank is $7,000 but you forgot what the interest rate was. What the interest rate you received should be

What is bob after-tax cost of debt : Bob Corporation has a pretax cost of debt of 12% and is in the 35% marginal tax bracket. What is Bob's after-tax cost of debt

How is the admission of industrial partner be recorded : How is the admission of industrial partner be recorded in the book of partnership? Mang's noncash asset contribution shall be debited at P300

Dialogue between yourself and the employee : Your goal is to compose a role play script to illustrate controlling an employee through progressive discipline measures. Your role play script needs to include

How many years will it take to exhaust his funds : Your father's employer was just acquired, and he was given a severance payment of $375,000, How many years will it take to exhaust his funds

User Account

All Pages

What the interest rate you received should be

Reference no: EM132961720

Reference no: EM132961720

Questions Cloud

Reviews

Write a Review

Managerial Accounting Questions & Answers

Manage budgets and financial plans

Prepare a retained earnings statement

Prepare a master budget for the three-month period

Construct the companys direct labor budget

Evaluate the predetermined overhead rate

Determine the company''s bid

Compute the pool rates for the different activities

Prepare Company financial statements

Prepare an analysis of terracycles

Discuss the ethical issues

Political resources in emerging markets

Management accounting - ehsan electronics company

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT