Determine the interest, Taxation

Assignment Help:

For the loan below, calculate principal interest portion of the payment listed in the last column.

 

Amortization

Payment

Nominal

Pricipal/Interest

Original

period

interval

rate (%)

portion of

Principal ($)

(years)

monthly

12% compounded monthly

Payment #

30,000

10

 

 

99

 

 

 

 

 

 

2. What will be the balance in 25 years of an investment plan that requires year-end contribution of $1000 for 25 years if it earns 7.5% compounded annually for the first 10 years and 8% compounded annually thereafter?

3. If Hans contributes $1500 to his rrsp on February 1, 1990 and every 6 months thereafter up to and including February 1, 2017, what amount will he accumulate in the RRSP by August 1, 2017?  Assume that the RRSP will earn 8.5% compounded semi-annually.  How much of the total will be interest?


Related Discussions:- Determine the interest

Deferred tax asset, Deferred tax asset; taxable income given; valuation all...

Deferred tax asset; taxable income given; valuation allowance. At the end of 2012, Payne Industries had a deferred tax asset account with a balance of $30 million attributable to a

Tax memo research , can you help with tax research assignment

can you help with tax research assignment

Tax return.., need help with tax return assignment

need help with tax return assignment

Computation, "Alfred E. Old and Beulah A. Crane, each age 42, married on Se...

"Alfred E. Old and Beulah A. Crane, each age 42, married on September 7, 2010. Alfred and Beulah will file a joint return for 2011. Alfred''''s Social Security number is 111-11-111

Wct, How to raise an invoice with WCT for Civil construction job

How to raise an invoice with WCT for Civil construction job

Collective investment fund, A fund that is managed by a trust company or a ...

A fund that is managed by a trust company or a bank and deals with pooled collection of trust accounts. Collective investment funds combine together the assets of several individua

Goods and services tax, William Potter is a plumber currently operating as ...

William Potter is a plumber currently operating as a Sole Trader in Levin. William has approached you, a tax accountant, for your advice on certain tax matters. William's brothe

Work contract tax, how work contract tax is to be shown in the invoice?

how work contract tax is to be shown in the invoice?

Write Your Message!

Captcha
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