On january 1, 2013 the minton company borrowed $162,000 cash from hometown bank by issuing a five-year 8% term note. the principal and interest are repaid by making annual payments beginning on december 31, 2013. the annual payment on the loan based on the present value of annuity factor would be $40,575. the amount of principal repayment included in the december 31, 2013 payment is:
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “On january 1, 2013 the minton company borrowed $162,000 cash from hometown bank by issuing a five-year 8% term note. the principal and ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If the rate of inflation is higher than your interest rate on your savings account are you gaining buying power
Answers (1)
Penny stock company faxes ads to quality personnel corporation and other businesses without the recipients' permission. this is
Answers (1)
On January 1, Year 1, Liang Corporation issues a $100,000 bond at a discount for $95,083. The coupon rate is 10% and the market interest rate is 12%. The bonds pay interest semiannually on June 30 and December 31.
Answers (1)
How does free enterprise economy's freedom of producers provide benefits for individual consumers?
Answers (1)
A popular cartoon channel on television ran a holiday feature on the best and worst high-tech gifts for children. in the feature, a technology expert recommended games that were developed by selected companies.
Answers (1)
New Questions in Business
Sales and commission are based on selling price, not the costs you have been provided. Labor: 13.8 hours at 18.75 per hour Overhead: 92% of labor Material Costs: $65.
Answers (1)
When airbnb customers in malibu start paying hotel taxes, this will have the potential to raise the equilibrium price in this market and, therefore, decrease efficiency.
Answers (1)
Curtain Co. paid dividends of $14,000; $17,500; and $21,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,400 shares of 7.0%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
In order to accomplish the productivity plan, several Subject Matter Experts from various parts of the organizational have been enlisted. As a result, you have noticed friction and conflict among team members.
Answers (1)
The bond has a coupon rate of 6.83 percent, it makes semiannual payments, and there are 4 months to the next coupon payment. A clean price of $1,049 and the par value is $1,000. What is the invoice price
Answers (1)