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
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
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