caitybugking
15.04.2020 •
Business
On January 1, 2017, Ann Price loaned $187,825 to Joe Kiger. A zero-interest-bearing note (face amount, $250,000) was exchanged solely for cash; no other rights or privileges were exchanged. The note is to be repaid on December 31, 2019. The prevailing rate of interest for a loan of this type is 10%. The present value of $250,000 at 10% for three years is $187,825. What amount of interest expense should Joe Kiger recognize in 2017? Select one:
a. $25,000
b. $75,000
c. $56,350
d. $18,783
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Ответ:
Option D is correct.
Interest expense in 2017= $18,783
Explanation:
Interest expense in 2017 = 187825*10% = $18782.5( Approx $18,783)
Ответ:
Sample Response: The two powers are not equal. Wade is correct, but Luther misinterpreted 2 to the power of 3 as 2 factors of 3. He switched the base and exponent. Luther’s value should be 2 times 2 times 2, which is 8.
Step-by-step explanation: Hope this helps leave a 5 star pls :)