Question: A. If time has value, why are financial institutions willing to extend you a 30-year mortgage at a lower annual interest rate than they would

A. If time has value, why are financial institutions willing to extend you a 30-year mortgage at a lower annual interest rate than they would charge for a one-year personal loan? OR B. Consider a U.S. Treasury Bill with 270 days to maturity. If the annual yield is 3.8 percent, what is the price

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