Question: question one single answer and question 2 multiple answer Question 1 2 pts Mr Smith purchases a bank bill on 1 October 2020, which will

question one single answer and question 2 multiple answer

Question 1 2 pts Mr Smith purchases a bank bill on 1 October 2020, which will mature on 15 December 2020. The bank bill has a face value of $100,000. The yield is 6% per annum simple discount. Find the price paid by Mr Smith on 1 October 2020. Assume 365 days in a year. 101249,32 098750.68 98794.06 98766.10 D Question 2 2 pts A lump sum of $200,000 accumulated to $250,000 in exactly 3 years. Which of the following interest rates does this accumulation correspond to? A rate of compound interest of 7.7217% pa A force of interest of 7.4290% pa. A nominal rate of interest of 74612% pa. convertible monthly A nominal rate of interest of 3.7891 p... convertible twice a year

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