Please show how to work out problems:

2. Legan Company borrowed $15,280 at 16 1/2% for 12 years. How much simple interest did the company pay? What was the total amount paid back? 3. For each of the following problems, find 1) the ordinary interest using ordinary time, 2) the exact interest using exact time, and 3) the ordinary interest using exact time. Round answers to the nearest cent. a. $5,000 at 17% annually for 90 days. Answers: 1) 2) 3) b. A loan of $4,225 at 8% annually made on March 5 and due on May 5 of the same year. Answers: 1) 2) 3) 4. One real estate sales technique is to encourage customers or clients to buy today because the value of the property will prob... click for more

Investing

Cliff bought a condominium worth $250,000. His income exceeded $90,000. Cliff has about $90,000 invested. He hopes to get married in three years at which time he will need $20,000 for marriage expenses. 1.what will be some disadvantages of cliff's current investment approach. 2. Construct a portfolio for cliff, limiting the selections to mutual funds(assume that he sells his current stock and bonding portfolio components. 3. Explain how Cliff should periodically reballance his portfolio, indicating how frequently rebalancing should be done.

Grant Advertising Agency Inc. was organized in January 2002. Presented below are both the adjusted and unadjusted trial balances as of December 31, 2002. (a) Journalize the annual adjusting entries that were made. (b) Prepare an income statement and a retained earnings statement for the year ending December 31, 2002, and a balance sheet at December 31. (c) Answer the following questions. (1) If the note has been outstanding 6 months, what is the annual interest rate on that note? (2) If the company paid $13,500 in salaries in 2002, what was the balance in Salaries Payable on December 31, 2001?

P2-3A Grant Advertising Agency Inc. was organized in January 2002. Presented below are both the adjusted and unadjusted trial balances as of December 31, 2002. See attached file for full problem description.

How to divide decimals

Pleae see attachment. The problem is already worked out, but I can not seem to grasp the concept of dividing decimals??? I know I have to divide them by 10 first, but I still do not understand.

Basic Arithmetric Question

If a blueprint 1/4 inch equals 12 inches, what is the actual length in feet of a steel bar represented on the blue print by a line 3 3/8 inches long? Answer: 13 1/2 How do you work this type of problem?