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?
Find 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 you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
You are the manager of a project that has an operating leverage rating of 2.8 and a required return of 14 percent. Due to the current state of the economy, he expects sales to decrease by 7 percent next year.
Answers (1)
Explain three ways you can get home safely if the friend you rode with has drugs or alcohol in his or her system and you prevent him or her from getting behind the wheel.
Answers (1)
Where might someone in an urban forestry career work? A. Yellowstone National Park B. The New York City Park Department C. The Appalachian Mountains D. The plains of Nebraska
Answers (1)
1. explain what is recruitment cost? 2. explain what is less output?
Answers (1)
A company that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified
Answers (1)
New Questions in Business
A current liability is a debt that can reasonably be expected to be paid between 6 months and 18 months. out of currently recognized revenues. out of cash currently on hand. within one year, or the operating cycle, whichever is longer.
Answers (1)
Suppose the inflation premium is 2 percent and the nominal interest rate is 1 percent. Instructions: In part a, enter your answer as a whole number. In part b, round your answer to 1 decimal place.
Answers (1)
Z Co. filed suit against W Inc. in 2021 seeking damages for patent infringement. At December 31, 2021, legal counsel for Z believed that it was probable that Z would be successful against W for an estimated amount in the range of $30 million to $60
Answers (1)
Which of the following statements about nonverbal communication is false? Select one: (A) Mastering nonverbal signals will allow you to "read someone like a book." (B) Nonverbal signals can be used to assert both authority and intimacy.
Answers (1)
What percentage of the 27.3 million businesses in the united states are small companies with less than 500 employees?
Answers (1)