Jackie Martin purchased three $1,000 corporate bonds issued by Starbucks. The bonds pay 2.45 percent annual interest and mature in 2026. What is the total dollar amount of interest Jackie will receive for her three bonds each year? (Do not round intermediate calculations. Round your answer to 2 decimal place.) Total annual interest
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- David owns 15,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 month at the rate of vear (imple interest). How much income wi David receie from istment.eveo,6 monthe? Enter an unter How much interest will David receive over the life of the bonds? Need Help?Jackie Martin purchased three $1,000 corporate bonds issued by Starbucks. The bonds pay 2.45 percent annual interest and mature in 2026. What is the total dollar amount of interest Jackie will receive for her three bonds each year? (Do not round intermediate calculations. Round your answer to 2 decimal place.)David owns $30,000 worth of 10-year bonds of Ace Corporation. These bonds pay interest every 6 months at the rate of 3%/year (simple interest). How much income will David receive from this investment every 6 months? $ How much interest will David receive over the life of the bonds? $
- 1. Cameron designates 10% of his monthly earnings as charitable contributions. After deducting this amount, he deposits 5% of the remaining amount into a money market account earning 2%. If Cameron's monthly earnings are $4,800 what amount interest will he earn on his deposit each month? 2. Find the maturity value for a loan on $4,225 at 8% made on March 5 and due on May 5 of the same year. Assume a 365-day year. 3. Republic Bank advertises their interest rates at 7 % %. You decide to apply for a loan in the amount of $9,000 for 90 days. The bank grants your loan and the loan officer tells you that there is a document preparation fee of $150 that needs to be paid at the time you sign the documents for the loan. Find the APR. Assume a 360-day year. 4. You took out a loan of $5,000 on May 2 and went back on June 15 to make a payment of $1,200. The loan was at 4% for 1 year. What was your remaining balance after making that payment?Emily purchased a bond valued at $10,000 for highway construction for $4,410. If the bond pays 6.4% annual interest compounded monthly, how long must she hold it until it reaches its full face value?Emily purchased a bond valued at $10,000 for highway construction for $4,540. If the bond pays 7.9% annual interest compounded monthly, how long must she hold it until it reaches its full face value? She must hold onto the bond for years. (Round to two decimal places as needed.) Enter your answer in the answer box and then click Check Answer. CheckAnswer All parts showing Clear All a
- Emily purchaseda bond valued at $10,000 for highway construction for $4,540. IT the bond pays 7.9% annual interest compounded monthly, how long must she hold it until t reaches its full face value? She must hold onto the bond for years (Round to two decimal places as needed.)Dave 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 %Record the journal entry: Jack has $90,000 two-year note payable to first USA Bank and Trust, dated December 19, 2022. The stated annual interest rate on the note is 5.5%. The terms of the note payable call for the following payments: -$4,950 interest payments on 12/19/23 and 12/19/24 -$90,000 principal payment on 12/19/24
- Carla Vista Co. issues a 10%, 7-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $50,000. Click here to view the factor table. (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.g. 25.25.) Carla Vista Co. should receive $ Carla Vista Co. issues a 10%, 7-year mortgage note on January 1, 2022, to obtain financing for new equipment. Land is used as collateral for the note. The terms provide for semiannual installment payments of $50,000. Click here to view the factor table. 3 (For calculation purposes, use 5 decimal places as displayed in the factor table provided.) What are the cash proceeds received from the issuance of the note? (Round answer to 2 decimal places, e.g. 25.25.) Carla Vista Co. should receive $James lends Henry 500,000. He must repay the loan with 192 end of month payments with the nominal rate of interest being 4.8% convertible monthly. The first years payments are X, and each successive years payments are 10% greater than the year before. The origination date of the loan is January 1 2014. (a) Find the total interest paid. (b) Find the total interest paid for the month of January. (c) Find the proportion of interest paid for the month of January.On January 1, 2024, Tropical Paradise borrows $39,000 by agreeing to a 6%, four-year note with the bank. The funds will be used to purchase a new BMW convertible for use in promoting resort properties to potential customers. Loan payments of $915.92 are due at the end of each month, with the first installment due on January 31, 2024. Required: Record the issuance of the installment note payable and the first two monthly payments. Note: Do not round intermediate calculations. Round your final answers to 2 decimal places. If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field. View transaction list Journal entry worksheet Record the issuance of a note payable. Note: Enter debits before credits. Date January 01, 2024 Cash General Journal Notes Payable Debit 50,000.00 Credit 50,000.00