User Account

All Pages

What was the size of the semi-annual payments

Assignment Help Financial Accounting
Reference no: EM132953676

Question - Danielle obtained a business loan of $290,000 at 3.77% compounded semi-annually.

a. What was the size of the semi-annual payments to be made over 30 years in order to pay off the loan?

b. Calculate the interest paid on the loan.

Reference no: EM132953676

Questions Cloud

Compute the expected return of the stocks or portfolios : Consider a CAPM economy. You expect a risk free rate (rf ) of 4% and the market return (rM) of 10%. Compute the expected return of the following stocks or portf
What is the inventory balance that coldstone would report : The retail price index at the end of 2021 was 1.05. What is the inventory balance that Coldstone would report in its 12/31/2021 balance sheet
Prefer the risk free asset than the risky portfolio : The utility function of an investor is U = E(r) - 0.5As2. The risk free rate is 2%. The risky portfolio has an expected return of 10% and standard deviation of
Looking for benefits related to stadium subsidies : What have economists discovered when looking for benefits related to stadium subsidies?
What was the size of the semi-annual payments : Danielle obtained a business loan of $290,000 at 3.77% compounded semi-annually. What was the size of the semi-annual payments
Does target adjust retail value of inventory for permanent : Does Target adjust the retail value of inventory for permanent markups or permanent markdowns to effectively report inventory at the lower of cost or market?
What the inventory turnover ratio : Sales revenue is $1,167,500, cost of goods sold is $729,500, and net income is $143,700 for the year. What the inventory turnover ratio
Calculate the weighted average cost of capital : Calculate the weighted average cost of capital (WACC) based on the following information: the capital structure weights are 50% debt and 50% equity; the interes
Find the cost of the land to be reported on balance sheet : Legal fees paid were $2,340, delinquent taxes assumed were $11,200, Determine the cost of the land to be reported on the balance sheet.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Interest rate on capital investment

The Red and Blue partnership has been created to operate a law firm. The partners have been attempting to devise a fair system to allocate profits and losses. Red plans to work more billable hours each year than Blue. However, Blue has more experienc..

  Effective interest rate for the bonds

On February 1, 2011, Lagune & Sons issued 9% bonds dated February 1, 2011, with a face amount of $200,000. The bonds sold for $182,841 and mature in 20 years. The effective interest rate for these bonds was 10%. Interest is paid semi annually on July..

  How will the sale of the tangible non-current asset

How will the sale of the tangible non-current asset affect the firm's statement of cash flows?

  Determine banderas and cost of goods sold

Cost of Goods Sold ,Profit margin, and Net Income for a Manufacturing Company. Determine Banderas, cost of goods sold.

  Find what would adaptec ex-dividend share price be

After the market close on May 11, 2001, Adaptec, Inc. distributed a dividend of shares, what would Adaptec's ex-dividend share price be after this transaction?

  Preparing companys leading antibiotic drug-basic wage rate

Helena Montana is employed by Northern Laboratories and is directly involved in preparing the company's leading antibiotic drug. Helena's basic wage rate is $22 per hour. The company pays its employees time and a half (i.e. 150%) for any work in exce..

  How the bond interest expense and the bonds payable

Show how the bond interest expense and the bonds payable should be reported on the annual financial statements for 2018. Prepare the journal entry to record

  What is the transition date of icon international

The company decided to present its first IFRS statements for the year ended December 31, 2015. What is the transition date of Icon International?

  Compute the anticipated return after financing costs

Compute the anticipated return after financing costs with the most aggressive asset-financing mix

  What are the annual inventory turns

Assuming that units in inventory are valued (based on COGS) at $500 per unit and are sold for $1,000 per unit, what are the annual inventory turns

  Determine the carrying amount of the equipment at december

Determine the carrying amount of the equipment at December 31, 2018 using the double diminishing balance method of depreciation.

  Find what would do if were t young

Find What would do if were T Young? T. Young, controller for Retail Industries, was reviewing production cost reports for the year.

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