User Account

All Pages

What was the interest rate

Assignment Help Accounting Basics
Reference no: EM133066211

Question - Mr. Smith borrowed $23,000 to purchase stock for his baseball card shop. He repaid the Simple interest loan after two years. He paid interest of 55,420. What was the interest rate?

Reference no: EM133066211

Questions Cloud

Calculate the laspeyres index between 2020 and 2030 : a.Calculate the Laspeyres Index between 2020 and 2030? b. Calculate the Paasche Price Index between 2020 and 2030?
What would be the maturity period : What would be the maturity period if payments are bi-weekly? How much will the borrower pay in total under each payment option
Describe the stages of human information processing : Briefly describe the stages of human information processing that are hypothesized to be involved in transforming sensory stimuli into long-term memory traces
What is the null hypothesis : A teacher hypothesizes that the students at her school are sleep deprived--specifically, that they on average get less than 8 hours of sleep daily.
What was the interest rate : Mr. Smith borrowed $23,000 to purchase stock for his baseball card shop. What was the interest rate
Describe invisible underemployment in a short paragraph : Please check the statistics of (un)employment for Uzbekistan and describe underemployment there.
Discuss the extent to which the covid-19 pandemic : Discuss the extent to which the Covid-19 pandemic has increased or decreased the competitiveness of markets. You are to answer this question with relevant examp
Open space provision and the intensity of crime : Do you think shluopenspace and unsafe are good proxies for open space provision and the intensity of crime? Please provide pro and counter arguments.
What do you think will be the major developments : What do you think will be the major developments in your field over the next 10 years and what is your special field of interest? Why do you find this aspect

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd