Edward Lewis borrowed $33,000 on July 1, 2022. This amount plus accrued interest at 7% compounded annually is to be repaid on July 1, 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Lewis have to repay on July 1, 2027? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2027 $
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- Pharoah Curtin borrowed $31,500 on July 1, 2027. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2032 Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Pharoah have to repay on July 1, 2032? (Round answer to 2 decimal places, e.g. 25.25.) Amount to be repaid on July 1, 2032 $Crane Curtin borrowed $33,300 on July 1, 2022. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1. 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Crane have to repay on July 1, 2027? (Round answer to 2 decimal places, eg. 25.25.) Amount to be repaid on July 1, 2027 24Crane Curtin borrowed $33,300 on July 1, 2022. This amount plus accrued interest at 8% compounded annually is to be repaid on July 1, 2027. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) How much will Crane have to repay on July 1, 2027? (Round answer to 2 decimal places, e.g.25.25.) Amount to be repaid on July 1, 2027 2$
- On November 30, 2023, Calla Resources Ltd. borrowed $180,000 from a bank by signing a four-year installment note bearing interest at 8%. The terms of the note require equal payments each year on November 30, starting November 30, 2024. Use TABLE 14A 2 (Use appropriate factor(s) from the tables provided.) Required: 1. Calculate the size of each installment payment. (Do not round intermediate calculations. Round the final answer to the nearest whole dollar.) Payment "T" 2. Complete an installment note amortization schedule for this note. (Do not round intermediate calculations. Round the final answers to the nearest whole dollar. Enter all the amounts as positive values.) Period Ending Beginning Balance Period Interest Expense Payments Debit Notes Payable Credit Cash Ending BalanceDave borrowed $550 on January 1, 2022, and paid it all back at once on December 31, 2022. The bank charged him a $3.50 service charge, and interest was $40.70. What was the APR? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Annual percentage rate %On April 5, 2019, Janeen Camoct took out an 8.5% loan for $20,000. The loan is due March 9, 2020. Use ordinary interest to calculate the interest. What total amount will Janeen pay on March 9, 2020? (Ignore leap year.) Required: What are the number of days between the two dates listed below? Note: Use the DATEDIF or DAYS function to calculate the number of days. 4/5/2019 3/9/2020 What is your principal? Note: Answer should be entered as a numeric value and not a formula. What is your rate? Note: Answer should be entered as a numeric value and not a formula. What is the time? What total amount will Janeen pay on March 9, 2020?
- On February 29, 2020 a sum of $35,200 was deposited into an account. What would be the future value of this sum of money on June 8,2023, if the interest rate is 3.6% compounded semiannually. Round the value for FV to two decimal places. P/Y = CY = DBD = days IY = PV = $ PMT = $ FV = $Benjamin Co. borrowed money on September 1, 2020. The loan had the following terms. Length: 5 years Interest: 10% Amount: $120,000 Payments per year: 1 Benjamin Co. has a year end of December 31. NOTE: You may use your financial calculator or you may use the present value annuity factor, which is 3.7908. REQUIRED: Journalize the accrual on December 31 and the 1st payment on Aug 31, 2021 below: Date Account Title and Explanation PR Debit CreditQuestion: On May 1, 2020, Hazel borrowed a sum of money from Far East Bank , payable for 2 years at 8% simple interest. She paid P6,000 for the interest of her loan. Find how much was borrowed by Hazel.
- Rahul deposits $5000.00 in an account on April 1, 2016 which earns 6.25% compounded quarterly. How much is in the account on September 15, 2021 if simple interest is allowed for part of a conversion period?Genuine answers only. I will provide an upvote if answered it correctly. answer should be good understanding languageDave borrowed $730 on January 1, 2019. The bank charged him a $4.00 service charge and interest was $54.40. If Dave paid the $730 in 12 equal monthly payments, what was the APR? (Enter your answer as a percent rounded to 1 decimal place.) Annual percentage rate %I NEED THIS ASAP Brenda invested Php 11,000 on January 14, 2021, to October 26, 2021 at 8% interest rate. Compute for the interest on the investment using the different condition below and express your answer in 2 decimal places. a. Exact interest at actual time Php b. Exact interest at approximate time Php