Question 4 (this question has two parts, (a) and (b)) a) A company issues a bank-accepted bill to fund a short-tenn business project. The bill is issued for 180 days, with a face value of $1 000,000 and a yield of 7.00 per cent per annum. What amount will the company raise to fund the project? b) As the owner of a small lT company, you approach the ANZ Bank to obtain a term loan. The bank offers your company a loan of $30,000 over a ve-year period at a rate of interest of 100 per cent per annum, payable at the end of each month. Calculate the monthly loan instalment. {5 + 5 = 10 marks)