1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Liono4ka [1.6K]
2 years ago
7

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest. What was the principal amount of the bond if th

e interest was calculated based on simple interest
Business
1 answer:
Kay [80]2 years ago
4 0

Denote the principal amount: P

In 25 years, a bond with a 4.75% annual interest rate earned $2,375 as interest.

=> P x (1 + 4.75/100)^25 - P = 2375

=> P x 3.19 - P = 2375

=> P x 2.19 = 2375

=> P = 2375/2.19 = 1084.48$

The principal is most commonly used to refer to the original amount borrowed on a loan or invested in an investment. It can also refer to the face value of a bond, the owner of a private company, or a key participant in a transaction.

Suppose you buy a home for $ 300,000 with a 20% down payment. In this case, you will pay back $ 60,000 on your loan. The mortgage lender then pays $ 240,000, which is the cost of the loan balance. In this case, the principal balance will be $ 240,000.

Learn more about the principal amount  here

https://brainly.in/question/13982672

#SPJ4

You might be interested in
Kushman Industries has $40,000 of ending finished goods inventory. If beginning finished goods inventory was $20,000 and cost of
Kamila [148]

Answer:

$100,000= cost of goods manufactured

Explanation:

Giving the following information:

Kushman Industries has $40,000 of ending finished goods inventory.

Beginning finished goods inventory was $20,000

Cost of goods sold was $80,000

To calculate the cost of goods manufactured, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

80,000 = 20,000 + cost of goods manufactured - 40,000

$100,000= cost of goods manufactured

4 0
3 years ago
291. Much of the hope for continued improvement of the economy lies in the projection of increasing consumer spending this year.
sergij07 [2.7K]

Answer:

The correct answer is E:

Much of the hope for continued improvement of the economy lies in the increase in consumer spending that is projected for.

Explanation:

i. Much of the hope (this is the main Subject of the conversation)

ii. for continued improvement (this is the Prepositional phrase. It modifies the noun “hope”)

iii. of the economy (this is a Prepositional phrase – it modifies the noun “improvement”)

iv. lies in the projection (This is the main Verb – “lies”)

v. of increasing consumer spending this year. (This is the prepositional phrase. It modifies the noun “projection”)

At first glance, it would appear that the positive experience that is anticipated is the projection.

<em>A projection (unqualified) in this case is an estimate of how a thing will be in the future.</em>

Having stated this, we see that it is more logical to hope for a positive experience that will occur than to just hope. Hence the hope is really in the increase in consumer spending not in the projection as a separate word.

(E) therefore is the Correct option because in this option that in this option “that” modifies “increase”.

Cheers

8 0
3 years ago
In this course, you learned the way people work is changing. Describe three alternative types of employment that have become pop
UkoKoshka [18]

Answer:

It would be types of work that are different than the traditional full-time, commute to the office, 9-5, Monday-Friday job.

Explanation:

7 0
3 years ago
I need help starting this ​
Nesterboy [21]

Answer:

?

Explanation:whats the subject

4 0
3 years ago
Bloom Corporation purchased $1,000,000 of Taylor Company 5% bonds at par with the intent and ability to hold the bonds until the
VashaNatasha [74]

Answer:

1)

Since Bloom plans to sell the bonds, it must record the entire loss as credit loss (loss on sale of bonds)

Dr Other than temporary impairment loss 400,000

    Cr Discount on bond investment - Taylor bonds 400,000

Credits losses must be recognized as a loss in earnings in the income statement.

2)

Journal entry to record credit loss:

Dr Other than temporary impairment loss 250,000

    Cr Discount on bond investment - Taylor bonds 250,000

Journal entry to record non-credit loss:

Dr Other than temporary impairment loss 150,000

    Cr Fair value adjustment - Taylor bonds 150,000

Non-credit losses must be recognized as part of other comprehensive income/loss and must be disclosed separately than credit losses. They must be reported in the balance sheet (they lower retained earnings directly), not the income statement.

3 0
2 years ago
Other questions:
  • Where would the HIGHEST air pressure be measured
    15·1 answer
  • What is expansionary policy used for?
    7·1 answer
  • How many states in the United States have abolished the death penalty?
    5·2 answers
  • Attempts to build exporting opportunities abroad through better relationships with other countries is called protectionism.
    5·1 answer
  • The two major forms of employee involvement are participative management and ________. 1. job sharing 2. job rotation 3. represe
    13·1 answer
  • Kia, a top-level manager in a software firm, is allocating the company's resources to meet the organization's long-term goals. S
    10·1 answer
  • What is a short term goal
    14·1 answer
  • Darla puts her money into a bank account that earns interest. One year later she sees that the account has 6 percent more dollar
    9·2 answers
  • Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
    6·2 answers
  • Grady works at a fast food restaurant. One day he noticed a co-worker giving free food to a friend. He was unsure about what to
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!