Question: 8 . ( Time Value of Money ) Answer the following questions, please show work for each item. ( a ) ( 4 points )

8.(Time Value of Money) Answer the following questions, please show work for each item.
(a)(4 points) Suppose you borrow $10,000 at 7% per annum interest rate, compounded daily, to be paid back one year from today. Calculate how much you would need to pay back.
b)(4 points) Your trading desk is purchasing a 3-month $100,000 face value Treasury bill at 2% per annum yield. Calculate the price of this Treasury bill.

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