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Duerr Company makes a $69.000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use 360 days
Duerr Company makes a $69.000, 30-day, 10% cash loan to Ryan Company. The note and interest to be collected at maturity is: (Use 360 days a year.) Multiple Choice $69,575 O $69.000 $575 O $68,425 $75,900 On January 1. Forward Company issues bonds that have a $21,000 par value, mature in 3 years, and pay 10% interest per year. Interest payments are paid to bondholders semiannually on June 30 and December 31. How much interest does Forward Company pay to bondholders every six months if the bonds are sold at par? Multiple Choice $6.300 $21.000 $1,050 $2,100
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