Suppose that you took out a loan at 10% interest for 278 days. If the amount of interest was $761.64, use the exact interest method to find the amount of principal you borrowed. (Round to the nearest whole dollar)
A) $8,590
B) $10,000
C) $9,863
D) $12,000
B
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In a fear appeal, vulnerability is based on the likelihood or the probability that a negative event will occur
Indicate whether the statement is true or false
The feasibility of targeting a particular market segment can be negatively impacted by various factors. Which of the following is not of those factors?
A) regulatory hurdles. B) cultural barriers. C) lack of distribution system. D) time required to establish business. E) surplus demand.
Gains and losses on cash flow hedges affect earnings ____________________ than those on fair value hedges
Fill in the blank(s) with correct word
Answer the following statements true (T) or false (F)
1. When a bond is issued at a premium, the interest expense calculation using the effective-interest amortization method uses the carrying amount of the bonds and the market rate of interest. 2. Using the effective-interest amortization method, the calculation for the amount of premium amortization is the difference between the cash paid for interest and the calculated interest expense based on the effective interest rate. 3. Using the effective-interest amortization method, the amount of premium amortization remains the same over the life of the bond.