3. Logically and mathematically reason out the solution, and formulate computer-based models to solve the problems (Computer model Optional); Warren borrowed $14,000 on a non interest-bearing, simple discount, 45% 60 day note. Assume ordinary interest. a. What are: i. The maturity value, ii. Bank's discount, iii. Warren's proceeds, iv. Effective interest rate to the nearest 100h? b, Lionel deposits $7,000 in Victory bank, which pays 4% interest compounded semiannually. How much will Lionel c Find the effective rate (APY for the year given the principal $8,000 interest rate-6% and compounded quarterly. d. Bill needs $40,000 6 years from now to attend colle e. Bob wants to buy his grands naFord Taurus in 4 years. The cost ofthe car is $28,000. Assuming a bank rate of4% f. Bernie wants to retire to California when she is 60 years of age. Bernie is 40 now. She believes that she will need have in his account at the end of 8 years? Round to the nearest 100th compounded quarterly) to reach his goal? compounded quarterly, how much must Bob put in the bank quarterly? $900,000 to retire comfortably. To date, Bernie has set aside no retirement money. If Bernie gets 8% compounded ge. How much must Bill put in the bank every three months (8% semiannually, how much must she invest today to meet her $900,000 goal