Question: Done 3. 8 U 1. Treasury Bill (T-Bills ) is a short-term investment product (from 91 days to 365 days) backed by the Bank of

 Done 3. 8 U 1. Treasury Bill (T-Bills ) is a

Done 3. 8 U 1. Treasury Bill (T-Bills ) is a short-term investment product (from 91 days to 365 days) backed by the Bank of Ghana on behalf of the Government. When you buy one, you are essentially lending money to the government of Ghana. Treasury Bills are one of the safest forms of investment in Ghana because they are backed by the Government of Ghana and are considered risk-free. Upon maturity, the government will repay the amount it borrowed (your investment) with the determined interest rate given at the time of the investment. With this information in mind, a student from Ghana Technology University College decided to invest her GH24,500.00. She divided the money into three different accounts. At the end of 2018, she had made GH1,300.00 in interest. The 91-days yield on each of the three accounts was 4%, 5.5% and 6%. If the amount of money in the 4% account was four times the amount of money in the 5.5% account, how much money did she initially placed in each account? a) Mr. Anderson borrowed GH120,000.00 from a Bank to help finance the purchase of a house. The Bank charges interest at a rate of 9% per year on the unpaid balance, with interest computations made at the end of each month. He agreed to repay the loan in equal monthly installments over 30 years. How much should each payment be if the loan is to be amortize at the end of the term? b) on Monday Akosua bought 5 loaves of Bread and 3 sachets of margarine for a total of GH8. A few days later, at the same supermarket, she bought 2 loaves of Bread and 6 sachets of margarine for a total of GH5.60. What is the price of a single loaf of bread and a single sacthet of margarine? Done 3. 8 U 1. Treasury Bill (T-Bills ) is a short-term investment product (from 91 days to 365 days) backed by the Bank of Ghana on behalf of the Government. When you buy one, you are essentially lending money to the government of Ghana. Treasury Bills are one of the safest forms of investment in Ghana because they are backed by the Government of Ghana and are considered risk-free. Upon maturity, the government will repay the amount it borrowed (your investment) with the determined interest rate given at the time of the investment. With this information in mind, a student from Ghana Technology University College decided to invest her GH24,500.00. She divided the money into three different accounts. At the end of 2018, she had made GH1,300.00 in interest. The 91-days yield on each of the three accounts was 4%, 5.5% and 6%. If the amount of money in the 4% account was four times the amount of money in the 5.5% account, how much money did she initially placed in each account? a) Mr. Anderson borrowed GH120,000.00 from a Bank to help finance the purchase of a house. The Bank charges interest at a rate of 9% per year on the unpaid balance, with interest computations made at the end of each month. He agreed to repay the loan in equal monthly installments over 30 years. How much should each payment be if the loan is to be amortize at the end of the term? b) on Monday Akosua bought 5 loaves of Bread and 3 sachets of margarine for a total of GH8. A few days later, at the same supermarket, she bought 2 loaves of Bread and 6 sachets of margarine for a total of GH5.60. What is the price of a single loaf of bread and a single sacthet of margarine

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