An NCD (Negotiable Certificates of Deposit) promises to pay $1 million in 45 days' time. If the current yield is 7% p.a. what is its market value today?

A bank accepts a deposit for $3 million by issuing a 90-day NCD with interest at 6%. What is the NCD's face value?

Calculate the future value and interest earned if $15,000 is invested in a term deposit for a period of two years with daily compounding at 5.75% p.a.