5) Panasonic Incorporated invested $270,000 into a GIC that pays 4 % % p.a. on August...

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5) Panasonic Incorporated invested $270,000 into a GIC that pays 4 % % p.a. on August 19, 2015, to February 28, 2016. Determine: (4 marks) a. the number of days between Aug 19,2015 and Feb 28, 2016 b. the interest (in dollars) the GIC will earn? (6) An investor bought a $250,000 face Government of Ontario Treasury Bill 355 days before maturity at an interest rate of 3.9% p.a. She sold the T-bill 146 days later at a rate of 2.45% p.a. Determine: (8 marks total) a. The amount she paid for the T-bill. b. The amount she sold the T-bill for c. The rate of return (R) she realized on her investment over the 146 days. 5) Panasonic Incorporated invested $270,000 into a GIC that pays 4 % % p.a. on August 19, 2015, to February 28, 2016. Determine: (4 marks) a. the number of days between Aug 19,2015 and Feb 28, 2016 b. the interest (in dollars) the GIC will earn? (6) An investor bought a $250,000 face Government of Ontario Treasury Bill 355 days before maturity at an interest rate of 3.9% p.a. She sold the T-bill 146 days later at a rate of 2.45% p.a. Determine: (8 marks total) a. The amount she paid for the T-bill. b. The amount she sold the T-bill for c. The rate of return (R) she realized on her investment over the 146 days.

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