Smith borrowed $21,000 on a one year Note payable with an interest rate of 10% per year on June 1. He will repay the principal and interest at the end of the one-year period. Smith makes accrual adjustments at the end of each month. He should record interest expense of $2,100 on June 30.
举一反三
- With an interest rate of 5 percent, the present value of $100 received one year from now is approximately _________
- If a one-year bond pays a fixed interest rate of 2.5% per year and this year's inflation rate is 2.8%, what is your real rate of return? A: 0.053 B: 0.028 C: 0.025 D: 0.003 E: -0.003
- 中国大学MOOC: What is the real rate of interest if the inflation rate is 6% per year and the nominal interest rate per year is 12.5%?_________如果通货膨胀率为每年6％，名义年利率为12.5％，实际利率是多少？_________
- If you expect the inflation rate to be 15 percent next year and a one - year bond has a yield to maturity of 7 percent, then the real interest rate on this bond is _________
- 中国大学MOOC: What is the real interest rate if the nominal interest rate is 9% per year and the rate of inflation is 6% per year?_________ 如果名义利率为每年9％，通货膨胀率为每年6％，实际利率是多少？_________