Question: Exercise 8.1 #1 algo a. What will be the maturity value of $30.000 placed in a 120-day term deposit paying an interest rate of 5.75%?

 Exercise 8.1 #1 algo a. What will be the maturity value

Exercise 8.1 #1 algo a. What will be the maturity value of $30.000 placed in a 120-day term deposit paying an interest rate of 5.75%? (Do not round intermediate calculations and round your final answer to 2 decimal places.) Maturity value $ b. If, on the maturity date, the combined principal and interest are rolled over into a 90-day term deposit paying 3.80%, 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 $

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