Question: 3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional); Warren borrowed S 14,000 on a

3. Logically and mathematically reason out the solution, and formulate computer-based

3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional); Warren borrowed S 14,000 on a noninterest-bearing, simple discount, 4.5% 60 day note. Assume ordinary interest. What are: a. i. The maturity value, ii. Bank's discount, iii. Warren's proceeds, iv. Effective interest rate to the nearest 100 b. Lionel deposits $7,000 in Victory bank, which pays 4% interest compounded semiannually. How much will Lionel have in his account at the end of 8 years? Find the effective rate (APY) for the year given the principal-$8,000, interest rate Round to the nearest 100h c. 6% and compounded quarterly

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