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elena-14-01-66 [18.8K]
3 years ago
8

On January 1, 2020, Ann Price loaned $212355 to Joe Kiger. A zero-interest-bearing note (face amount, $275000) was exchanged sol

ely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2022. The prevailing rate of interest for a loan of this type is 9%. The present value of $275000 at 9% for three years is $212355.
What amount of interest income should Ms. Price recognize in 2020?
Business
1 answer:
Evgesh-ka [11]3 years ago
3 0

Answer:

$19,112

Explanation:

Data provided as per the question below:

Price loaned = $212,355

Rate of percentage = 9%

The computation of interest income is shown below:-

Interest income = Price loaned × Rate of percentage

= $212,355 × 9%

= $19,112

Therefore for computing the interest income we simply multiply the price loaned with rate of percentage.

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<span>Once the production is in performance mode, the most important person in the show is the stage manager.
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Solar represents a minuscule portion of u.s. energy production because of ________.
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4 years ago
​A bond with a 12 percent quarterly coupon rate has a yield to maturity of 16 percent. The bond has a par value of $1,000 and ma
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Answer:

fair value is $761

Explanation:

Given data

bond value = $1000

rater r = 12 %

rate R = 16%

time = 20 year

to find out

a fair price

solution

we know compounding period in year is = 4

so time 20 x 4 = 80  

fair Price = \sum_{k=1}^{k=80} [(Quarterly Coupon) / (1 + R/400)^t] +bond value / (1 + R /400)^t

here

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so

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solve it we get

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5 0
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Create a method name bonus that will read a basic payment and an hour variable as parameter to calculate an extra salary
Gre4nikov [31]

The method name for the basic payment is given below, follow the codes carefully as they are case-sensitive.

<h3>How to create a method name bonus?</h3>

{

   double extra;

   if(basic>=5000)

             extra=basic × hour × 0.3;

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   return extra;

}

Check out the link below to learn more about method name;

brainly.com/question/15681451

#SPJ4

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