Answer:
I can't provide a definite answer (apologies), but I can definitely say that the answer is narrowed down to where it's either A or D.
Explanation:
Answer:
A. Both the interest payment and principal payment will be identical every period
Explanation:
Loan Amortization is a process where the loan amount is broken into a series of payments over a fixed time. In this process -
- The person pays off the interest and principal in different amounts every month.
- The total amount of payment including interest and principal amount remains same in each period.
- In the beginning the interest costs are higher and the principal in paid in lower amounts.
- As the time passes the interest decreases and the payment mainly goes towards the principal amount.
Answer:
Sue will have more money than Neal as long as they retire at the same time
Explanation:
Both Neal and Sue invest the same amount ($5,000) at same interest rate (7%). In the compound interest rate formula only the time is differ. When they retire at age 60, Sue has 5 years more than Neal meaning Sue earn more interest than Neal.
Answer:
Dr interest expense $5,756.25
Cr cash $5,250
Cr Discount on bonds payable $506.25
Explanation:
Amortization of discount=$10,125/10 years*6/12=$506.25
The 6/12 implies that the amortization takes place every six months instead of annually.
The semiannual interest payment=$150,000*7%*6/12=$5,250
The interest payment would be credited to cash $5,250 and debited to interest expense for the year.
The amortization of discount would be credited discounts on bonds payable and credited to interest expense account as shown above in the answer section
Answer
almost all factors are in china
Explanation:
