Question: A note dated July 1, 2013, promises to pay $8000 with interest at 7% compounded quarterly on January 1, 2022. Find the proceeds from the

A note dated July 1, 2013, promises to pay $8000 with interest at 7% compounded quarterly on January 1, 2022. Find the proceeds from the sale of the note on July 1, 2017, if money is worth 8% compounded semi-annually.

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=+ b. What can you infer about the expected change in the exchange rate between the Canadian dollar and the U.S. dollar?

=+ d. What happens to Oceanias trade balance?