Consider the following P-Note:

P-Note
Face value: $150,000	Issued on: 29 April 2022
In 150 days I will pay the bearer of this P-Note $150,000 only.
Signed by: Ronnie

a)Calculate how much money (P) Ronnie will raise if the P-Note is sold on its issue date to an investor who charges a simple interest rate of 8.00% per annum. Give your answer in dollars and cents to the nearest cent.

P = $

b)Calculate what maturity value (S) the P-Note should have if Ronnie wants to raise $150,000 exactly at the previously quoted simple interest rate. Give your answer in dollars and cents to the nearest cent.

S = $

Look, I'm being honest here. I tried using YTM, and it doesn't work.

I tried the P(1+rt) method, I'm confused. I do NOT know how to answer this. Please explain how you got your answer.

- A concerned student.