On August 1, a $42,000, 7%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $16,004.17. The entry to record the first payment on July 31 would include:a. $14,000.00.
b. $16,004.17.
c. $14,800.00.
d. $14,400.00.
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Ответ:
b. $16,004.17
Explanation:
The bond pays annual interest of 7% over the 3 years. The annuity factor at 7% for 3 years is 2.6243. The amount of bond is divided by annuity factor to calculate the annual payment of bond. The payment includes bond principal repayment and interest payment. The first payment on July 31 will be for $16,004.17.
Ответ:
The correct choice is A)
The best investment decision is to purchase guppies with a birth-rate that is three times higher than the current ones.
Explanation:
Option B and C are very similar in that they would translate to an Arithmetic Progression in the growth of the guppy population for the farmer.Option A however will translate to a geometric expansion of the guppy population.Cheers!