Answer:
It would report 21,778 on interest expense
Explanation:
Because it is the first payment, we can use the compoun interest formula
The rest of the cuota would be amortization of the principal
It is important to <u>do not split the interest in four</u> because the interest are decreasing over the course of the note life. That's because along with the interest accrued during the period World Co. is also paying a portion of the principal
Answer:
$108,622.60
Explanation:
Calculation for the amount Janine's IRA will worth when she needs to start withdrawing money from it when she retires
Based on the information given we were told that She has the amount of $5,000 in an IRA, which is a vital part of her retirement nest egg in which She has well believes that her IRA will increase at an annual rate of 8%.
Secondly we were told that she is 25 age and plan to retire at the age of 65 which means that the number of years until her retirement will be 40 years(65 years-25 years)
Now let calculate how much she will be worth using this formula
Amount worth= Present value in IRA*(Annual rate increase)^ Numbers of years until retirement
Let plug in the formula
Amount worth=5,000 *(1 + 0.08)^40 =
Amount worth=5,000*(1.08)^40
Amount worth =5,000*21.72452
Amount worth= $108,622.60
Therefore Janine's IRA will be worth $108,622.60 when she needs to start withdrawing money from it when she retires.
Inflation increases the rate of return.
Answer:
The correct option is A
Explanation:
Promissory note is the kind or type of note which is considered to be a financial instrument,and it comprise of a written promise made by one party to another party in order to pay a specific or particular amount or sum of money or amount, either on a particular or a future date or on demand by the party.
This note involve the terms that are pertaining to the indebtedness like the maturity date, issuer signature, principal amount, place of issuance and the interest rate.
Therefore, Hidalgo is liable on the promissory note and because of this, he is required to pay until he has a valid and a genuine defense to payment.
If you sign the Medicare Advantage and/or Part D Enrollment Application, you acknowledge that you understand that you are really enrolling, the plan you are enrolling in, and the usual disclosures. This is further explained below.
<h3>What is factual plan information?</h3>
Generally, A piece of information that just deals with facts is referred to as factual information. Non-explanatory and seldom provides in-depth information on the subject matter.
In conclusion, Enrolling in the Medicare Advantage and/or Part D Plan and the normal disclosures are all part of signing a Medicare Advantage and/or Part D Enrollment Application.
Read more about factual plan information
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