Question: please answer for Q 1,2,3,4 Show all work and clearly indicate your WoW 1. (2 Marks) Find the future value (on March 3, 2017) of

please answer for Q 1,2,3,4 please answer for Q 1,2,3,4 Show all work and clearly indicate your

Show all work and clearly indicate your WoW 1. (2 Marks) Find the future value (on March 3, 2017) of $2000 invested at r = 3% on February 1, 2016, 2. (2 Marks) Ah Inc, receives an invoice for goods. The terms are 3/20, n /60. If the company were to borrow money to pay the bill in 20 days, what would be the maximum rate of interest it would be willing to pay on the loan? 3. (2 Marks) An investor bought a $100,000 face value, 364 day Treasury bill for 96,892.06. What yield rate is implied? (2 Marks) A bank offers you a loan at a simple discount rate of 8%. What is the equivalent simple interest rate? Use t = 1 year

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!