User Account

All Pages

What was the term of the loan to the nearest number of days

Assignment Help Accounting Basics
Reference no: EM132811610

Problem 1: Amy took out a $20,000 loan to help him set up his new business The loan was to be paid back with monthly payments of $315.49 at 5.5% compounded monthly. If you assume every month contains 30 days, what was the term of the loan to the nearest number of days?

Reference no: EM132811610

Questions Cloud

Describe complexity of managing multinational corporations : Describe the complexity of managing multinational corporations and the risks they face when conducting international deals that are different
What is the effective interest rate for the bonds : It cost the company $30,000 in bond issue costs. The bonds were sold at par. What is the effective interest rate for the bonds
Why is osteoporosis more common in aging women : 45-year old Fabiola has been experiencing osteopenia for the last ~15 years. Therefore, she regularly visits her doctor for bone mineral density (BMD) tests.
Talk about the meaning of value and work : Talk about the way you value work. Analyze your reasons. (talk about the meaning of value and work) Summarize the factors which have contributed to the developm
What was the term of the loan to the nearest number of days : Amy took out a $20,000 loan to help, If you assume every month contains 30 days, what was the term of the loan to the nearest number of days?
Determine range of insignificance for decision variables : One meter of woolen requires 3 minutes in each department. Determine the range of insignificance for basic decision variables
What are the primary elements of a cash budget : What are the primary elements of a cash budget. Include what you would expect to find on a cash budget and how a cash budget can assist in the management
What are specific strategies that organization : What are specific strategies that an organization might use to best capitalize on a mixed-age employee base?
How should the nurse approach client risk : Describe how the concept of multifactorial etiology relates to the natural history of disease and the different levels of prevention.

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