0
Discount-Mart issues 11 million in bonds on January 1 2010 They have a seven-year term and pay interest semiannually?
Discount-Mart issues $11 million in bonds on January 1, 2010. They have a seven-year term and pay interest semiannually. This is the partial bond amortization schedule for the bonds.
Date Cash Paid Interest
Expense Decrease in
Carrying Value Carrying
Value
1/1/10 9,977,552
6/30/10 550,000 598,653 48,653 10,026,205
12/31/10 550,000 601,572 51,572 10,077,777
6/30/11 550,000 604,667 54,667 10,132,444
12/31/11 550,000
What is the stated annual rate of interest on the bonds?
a) 11%.
b) 10%.
c) 5%.
d) 12%.
You can also get answer from onlinesolutionproviders com
thanks
What else can I help you with?
What is semiannually mean?
Semiannually means occurring twice a year, typically at six-month intervals. For example, if an event is scheduled to happen semiannually, it might take place once in January and again in July. This term is often used in contexts such as financial reporting, interest payments, and company meetings.
What age would you be if you were born in January 1993?
If you were born in January 1993, you will turn 17 in January 2010.
How often can a leap year have fifty-three Tuesdays?
Two out of every seven leap years will have 53 Tuesdays. If it starts on a Monday or a Tuesday, it will have 53 Tuesdays. It works out at every 12th and 16th year alternating, as you can see from this list, covering the 20th and 21st centuries: Monday 1 January 1912 Tuesday 1 January 1924 Monday 1 January 1940 Tuesday 1 January 1952 Monday 1 January 1968 Tuesday 1 January 1980 Monday 1 January 1996 Tuesday 1 January 2008 Monday 1 January 2024 Tuesday 1 January 2036 Monday 1 January 2052 Tuesday 1 January 2064 Monday 1 January 2080 Tuesday 1 January 2092
What are consecutive dates?
They are dates that come straight after one another, like the 1st of January, the 2nd of January, the 3rd of January etc.
What is 31 January 2010 in roman numerals?
XXXI-January-MMX
What is semiannually mean?
Semiannually means occurring twice a year, typically at six-month intervals. For example, if an event is scheduled to happen semiannually, it might take place once in January and again in July. This term is often used in contexts such as financial reporting, interest payments, and company meetings.
How much must you deposit in January 01 2009 to have a balance of 1000 on January 01 2013?
That will depend on the interest rate and whether it is simple or compound interest.
What are the release dates for Their Interest in Common - 1914?
Their Interest in Common - 1914 was released on: USA: 8 January 1914
What are the release dates for With Interest to Date - 1911?
With Interest to Date - 1911 was released on: USA: 17 January 1911
What are the release dates for Person of Interest - 2011 Aletheia 3-12?
Person of Interest - 2011 Aletheia 3-12 was released on: Canada: 7 January 2014 USA: 7 January 2014 Denmark: 26 January 2014 Finland: 26 January 2014 Norway: 26 January 2014 Sweden: 26 January 2014
What was the interest rate in the US in 1975?
The interest rate in 1975 was between 7.0 per cent and 10.0 per cent. The highest interest rate was from January and February of that year.
When must banks send interest statements for taxes?
By the end of January 2010.
When will you get your 1099 form reporting interest on your life insurance policy?
A 1099-I must be sent to you by the end of January of the year after the interest was paid or earned. So, for the tax year 2008, the 1099-I must be mailed by January 31, 2009.
When is interest paid?
Interest is usually paidin arrears, meaning at the end of each period. So if your loan has monthly payments, the interest would be due at the end of the monthly cycle. As an example, if my loan cycle was from the 15th of each month through the 15th of the next month, then I would pay interest for the period 15th January through 15th February on the 15th of February.Sometimes interest can be paid in advance, meaning at the start of each period. In the example cited above, interest in advance would be payable on the 15th January.
Is interest on a checking account considered income?
Yes. Your bank will send you a 1099-INT in January of the next year if you accrue enough interest on your checking account in a year to warrant issuance of one.
If you save one dollar on January 1 two dollars on January 2 three dollars on January 3 and continue this pattern for one year what will be the value of your entire savings?
In a normal year with 365 days, you would have $66,795 at the end of the year. If you were saving in a leap year, you would have $67,161. If you really want to get into "value", you would have to consider inflation/deflation rates (normally around 3% in the US) and decide with what time you want to compare it. In addition, are you investing it in savings or just putting it in a shoebox. If investing it you need to know the interest rate and when interest is compounded (daily , monthly, quarterly, etc) in which case you can calculate nominal interest = Invested amount at time interest calculated * interest rate /period (period being 365.25 for daily 12 for monthly etc.) If you want real interest rate (or value factoring in inflation) real interest = Invested amount at time interest calculated *(interest rate- inflation rate) /period. I am sorry if that actually answered more than what you wanted.
What interest rates are available for a home loan with SBI?
The interest rates for a home loan from SBI have recently been cut down in January of this year.Now the rates range from only 9.70% as the base rate to up to 10.10%.
