Question: a . What will be the maturity value of $ 3 1 , 0 0 0 placed in a 1 3 0 - day term

a. What will be the maturity value of $31,000 placed in a 130-day term deposit paying an interest rate of 6.00%?(Do not round intermediate calculations and round your final answer to 2 decimal places.)
Maturity value $ 31,662.47 Numeric ResponseEdit Unavailable. 31,662.47 correct.
b. If, on the maturity date, the combined principal and interest are rolled over into a 100-day term deposit paying 3.90%, what amount will the depositor receive when the second term deposit matures? (Do not round intermediate calculations and round your final answer to 2 decimal places.)
Maturity value $ 32,000.78 Numeric ResponseEdit Unavailable. 32,000.78 correct.

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