5 . Calculate the annual amount of interest (assuming no principal repayment) for each...
50.1K
Verified Solution
Link Copied!
Question
Accounting
5 . Calculate the annual amount of interest (assuming no principal repayment) for each of the following:
Term loan of $122,000 over 15 years at 6.5%:
Line of credit for $50,000 drawn 50% all year at 10%:
15 shares of stock purchased at $12.50 per share:
Bonds trading at par for $2,000 with a 7% rate:
6. If the owner of Bright Rays Tanning Salon, Inc. invested $200,000 and had an investor pay $45,000 for 15% of the corporation, what is the valuation of the business?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
