Apartially amortizing loan for $90,000 for 10 years is made at 6 percent interest. the lender and borrower agree that payments will be monthly and that a balance of $20,000 will remain and be repaid at the end of year 10. assuming 2 points are charged by the lender, what will be the yield if the loan is repaid at the end of year 10? what must the loan balance be if it is repaid after year 4? what will be the yield to the lender if the loan is repaid at the end of year 4?
Answers: 1
Business, 22.06.2019 06:00, Wocking310
Transactions on april 1 of the current year, andrea byrd established a business to manage rental property. she completed the following transactions during april: opened a business bank account with a deposit of $45,000 from personal funds. purchased office supplies on account, $2,000. received cash from fees earned for managing rental property, $8,500. paid rent on office and equipment for the month, $5,000. paid creditors on account, $1,375. billed customers for fees earned for managing rental property, $11,250. paid automobile expenses for month, $840, and miscellaneous expenses, $900. paid office salaries, $3,600. determined that the cost of supplies on hand was $550; therefore, the cost of supplies used was $1,450. withdrew cash for personal use, $2,000. required: 1. indicate the effect of each transaction and the balances after each transaction: for those boxes in which no entry is required, leave the box blank. for those boxes in which you must enter subtractive or negative numbers use a minus sign. (example: -300)
Answers: 1
Business, 22.06.2019 11:30, fjjjjczar8890
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
Business, 22.06.2019 23:00, terrickaimani
Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers
Answers: 1
Apartially amortizing loan for $90,000 for 10 years is made at 6 percent interest. the lender and bo...
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