Question $4[5$ points$]$

Agnessa borrowed money from Zoe and agreed to pay back $$1,70014$ months from now and $$1,300$ in $17$ months from today. If Agnessa comes into some money and wants to pay back the loan completely after $8$ months, how much money would Agnessa have to pay Zoe if money could earn $7\mathrm{.}75\%$ simple interest? For full marks your answer$($s$)$ should be rounded to the nearest cent.

Full Payment Amount $=$$$0\mathrm{.}00$

Question $5[5$ points$]$

Jason purchased a $9,000,150-$day GIC which will earn $5\mathrm{.}50\%$ interest annually.For full marks your answer$($s$)$ should be rounded to the nearest cent.

a$)$ How much interest is earned over the term of the GIC?

$q,$

b$)$ How much money will be deposited back into Jason's account?

Maturity value $=$$$0\mathrm{.}00$

Question $6[5$ points$]$

A $90-$day, $$300,000$ face value treasury bill was issued $52$ days ago when yields were $1\mathrm{.}39\%.$ If the current rate of return is $1\mathrm{.}09\%,$ what is its purchase price today? For full marks your answer should be rounded to the nearest cent.

Type here to search

$15C$

ENG

$8$:$38$:$54$ PM

$2024-05-25$