Calculate the account at the end of year, Accounting Basics

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Calculate the account at the end of year

1. A firm borrows $12,000 from the bank at 8% per annum, compounded semi annually. If no repay merits are made, how much is owed after 4 years.

2. ABC Ltd saves $10,000 in a local back with a compond interest rate of 2% per quarter.
a) What would be in the account at the end of year 2?
b) What is the effective rate for (a) actual percentage rate?

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Accounting Basics: Calculate the account at the end of year

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Request for Solution File

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Accounting Basics: Calculate the account at the end of year

Reference No:- TGS0705963

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Determine the cost of the land to be reported

Q : How to receive when the bonds were issued

Q : Complete a subsidary ledger record for ace

Q : Discuss the essentials of effective budgeting

Q : Calculate the account at the end of year

Q : Determine wendy cost recovery

Q : Prepare the journal entry to record lexington

Q : Prepare a cost of production summary for the month

Q : Prepare a cost of production summary using the fifo method

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Calculate the account at the end of year

Reference No:- TGS0705963

Recent Questions Asked Accounting Basics

Q : Determine the cost of the land to be reported

Q : How to receive when the bonds were issued

Q : Complete a subsidary ledger record for ace

Q : Discuss the essentials of effective budgeting

Q : Calculate the account at the end of year

Q : Determine wendy cost recovery

Q : Prepare the journal entry to record lexington

Q : Prepare a cost of production summary for the month

Q : Prepare a cost of production summary using the fifo method

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