Question: QUESTION 2 You purchase a T-bill with a face value (Future Value) of $900 for $865. If the term of the T-billis 11 months. what
QUESTION 2 You purchase a T-bill with a face value (Future Value) of $900 for $865. If the term of the T-billis 11 months. what is the annual simple interest rate that you will earn? Enter your answer in decimal format using 3 decimal places. 4.414 QUESTION 3 How many days will it take for your T-bill to increase in value from $615 to $650 if it earns a simple interest rate of 6.8%? Round to the nearest day. Calculate your answer on the basis of 360 days in a year. QUESTION 4 You invest $600 at an interest rate of 4% compounded semiannually Using this information, what would be yo A+ A ANA ar to save all anstbere o nt to save and submit Click Save of awe * o type here
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