031 A) Find the future value of the loan. Assume 365 days in a year....
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Accounting
031 A) Find the future value of the loan. Assume 365 days in a year. $5015 at 11.14% annual simple interest for 18 months The future value of the loan is $ (Round to the nearest cent as needed.) B) Find the present value of the given future amount. Assume 360 days in a year. $161,725 for 189 days at 9.3% simple interest. What is the present value? C) A 6-month $20,500 treasury bill with a simple annual discount rate of 0.44% was sold in 2016. Assume 365 days in a year. (a) Find the price of the treasury bill (T-bill). (b) Find the actual interest rate paid by the Treasury. D) An accountant for a corporation forgot to pay the firm's income tax of $725,977.34 on time. The government charged a penalty of 9.8% interest for the 54 days the money was late. Find the total amount (tax and penalty) that was paid. Assume 365 days in a year. The total amount paid was? E) You are due a tax refund of $520. Your tax preparer offers you a no-interest loan to be paid by your refund check, which will arrive in five weeks. She charges a fee of $40 for this service. What actual interest rate will you pay for this loan? (Hint: The time period for this loan is not StartFraction 5 Over 52 EndFraction, because a 365-day year is 52 weeks and 1 day. So use days in your computations.) The actual interest rate will be

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