subject
Business, 14.05.2021 01:10 vanna7353

On January 1, 2024, an investor paid $315,000 for bonds with a face amount of $380,000. The stated rate of interest is 8% while the current market rate of interest is 10%. Using the effective interest method, how much interest income is recognized by the investor in 2024 (assume annual interest payments and amortization)

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 09:30
Darlene has a balance of 3980 on a credit card with an apr of 22.8% paying off her balance and which of these lengths of time will result in her paying the least amount of interest?
Answers: 2
question
Business, 22.06.2019 14:20
Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?
Answers: 1
question
Business, 22.06.2019 22:00
On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60
Answers: 3
question
Business, 23.06.2019 00:30
Bruno's pizza restaurant makes full payment of $8,300 on an account payable to stella's cheese co. stella's would record this transaction with a
Answers: 3
You know the right answer?
On January 1, 2024, an investor paid $315,000 for bonds with a face amount of $380,000. The stated r...
Questions
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Mathematics, 12.12.2020 16:00
question
Biology, 12.12.2020 16:00
Questions on the website: 13722363