Simple interest owed

Related BrainMass Solutions

• Time Value of Money: Future Valuation

  How to calculate simple and compound interest on a principal amount

• Math applications for business

  To pay for the system, she borrowed $2670 from the credit union at 7 1/3% interest for 85 days. Find the ordinary interest owed. 1.

• A bank deposit paying simple interest at the rate of 5%/year grew to a sum of $3100 in 10 months. Find the principal

  489919 A bank deposit paying simple interest at the rate 1) A bank deposit paying simple interest at the rate of 5%/year grew to a sum of $3100 in 10 months.

• Future value and maturity value

  Maturity value = Principal + interest owed Interest owed = Principal x rate x years Interest owed = 1200 x 0.07125 x 3 = 256.5 Maturity value = 1200 + 256.50 = $1456.50 55.

• Inventory, notes, journal entries

  Your guide is simple and direct -- indicating the accounts involved and the debit/credit amounts.

• Short Sale

  Price: $25.00 per share Dividend: $1.00 per share Sale proceeds= $3,000.00 less interest on stock owed= $7.50 =.25% x $3,000.

• Reporting Bond Liability on the Balance Sheet, Proceeds $975,000

  Disadvantage: The financial statements show interest owed that is not earned and may not be paid if the bonds are repaid prior to maturity (called).

• Finance : Simple and Compound Interest, Buying Land, Advantages of Waiting to Buy Land

  Simple interest is obtained by applying the interest rate only to the principal amount. Thus, the simple interest paid is $15,280 * 0.165 * 12 = .

• Composition of U.S. Federal Debt

  The solution goes into some explanation of how much of our total debt is owed to foreign interest and what countries are the primary lenders.