1.2.5 A 90day note promises to pay MsChiu $2000 plus simple interest at 13 %.A.er 51 days it is sold to ahank that discounts notes at a 12% simple interest rate. 1. How much money does Ms.Chi'u receive '3 2. What. rate of interest does Ms. Chin realize on her investment?I 3. What rate of interest wi the bank realize ifthe note is paid in full in exactly 90 days? 1.2.6 An investor lends $5000 and receives apromissory note promising repayment ofthe loan in 90 days with 3.5 '36 simple interest .This note is immediately sold to a bank that charges 8% simple interest .How much does the hank pay for the note '3 What is the investor's prot 'E'What is the bank's prot on this investment when the note matures? 1.2.";r A 90day note for 5300 bears interest at 6% and is sold 60 days before maturity to a bank that uses an 8% simple interest rate. 'What are the proceeds? 1.2 .3 Jacob owes Kieran $1000. Kieran agrees to accept as payment a noninteresthearing note for 90 days that can he discounted immediately at a local bank that charges a simple interest rate of 10%.11'hat should be the face value of the note so that Kieran will receive $1000 as proceeds '3' 1.2.9 Justin has a note for $5000 dated October 13', 2014 .The note is due in 120 days with interest at 7.5%. Lffustin discounts the note on January 15, 2015 ,at a bank charging a simple interest rate of 2%, what will be the proceeds '3 1.2.10 Amerchant buys goods worth $2000 and signs aQU-day noninterest hearing promissory note.Determine the proceeds if the supplier sells the note to a bank that uses a 13 % simple interest rate . How much prot did the supplier make if the goods cost $1500 '3 1.2.11 On August 16 aretaiier buys goods worth $2000.1fhe pays cash he will get a 3% cash discount .'I'o take advantage of this he signs a 60day noninterest bearing note at a bank that discounts notes at a 6% simple interest rate. 1What should be the face value of this note to give the retailer the exact amount needed to pay cash for the goods? 1.2.14 An investor bought a 13-week Treasury hill to yield 35159-6. 1. What\" was the price paid by the investor it'the face value was 55000 '3' 2. The investor sold the T-bill 40 days later to another investor who wishes to yield 3.10 %.'What price did the T-bill sell for? 3. 1What rate of return did the original investor earn on his investment? 1.2.15 An investment dealer bought a $25 000 Treasury bill for 523 892.06 on September 9,2014 .The maturity date of the Treasury hiil is September 3, 2015 . 1. What yield rate is implied 5' 2. The dealer sold the Treasury hill to another investor on January 25, 2.015 .for $24 102.25 .What yield rate did the other investor wish to earn C'What rate of return did the dealer end up earning