A 90-day bank bill with a face value $100,000 was purchased with a yield of 4.00%. If it is sold after 30 days at a yield of 4.50%, what dollar amount of interest was earned?
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A 90-day bank bill with a face value $100,000 was purchased with a yield of 4.00%. If it is sold after 30 days at a yield of 4.50%, what dollar amount of interest was earned?
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- A bank pays a simple interest rate of 4.1% on 30 to 179-day GICs of at least $100,000. What is the effective annualized rate of return:a) On a 40-day GIC?b) On a 160-day GIC?An investor purchases a 90-day bank bill with a face value of $1 million at 4.88%. Calculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55%.Calculate the yield from an investment in a 60-day bank-accepted bill purchased at 5.25% and sold 30 days later at 5.65% with a face value of $1,000.
- You plan to invest $10,000 for 180 days. Your bank offers a rate of 2.60% on 90-day GICS and 2.85% on 180-day GICS. How much more interest will you earn if you purchase a single 180-day GIC instead of two consecutive 90-day GICS? Remember that the interest earned from the first 90-day GIC will be invested in the second 90-day GIC along with the principal. Express your answer to 2 decimal places but do not include the $ sign. Your Answer: AnswerAssume that a bank has lent a firm a P 200,000 for 60 days at 10% interest. The loan is discounted, and the bank requires a 20% compensating balance. What is the effective annual rate?If the bank advertises 10.21% accounts that yield 9.84% annually. Find how often is the interest compounded?
- A tresury bill with a face value of 100,000 dollars and 120 days until maturity is selling for 98,500 dollars. What is the Tbill bank discount yield. a. 5.4 percent a year b. 4.5 percent a year c. 45 percent a yearA T-Bill currently sells for $98.5000 per $100 of face value. It has 180 days remaining until maturity. What is the bank discount yield? 4.40% 3.00% 5.00% 4.00% O 1.50%How much profit or loss would you experience if you purchased a $1,255,640 face value bank bill with 97 days to maturity at a yield of 0.88% and sold it 22 days later at a yield of 1.01%?
- Suppose I secure a simple interest note for $4500. The length of the note is 102 months and the interest is 6.2%. How much will I owe the bank when the note comes due?An investor purchases a 90-day bank bill with a face value of$1million at4.88% . Caliculate the capital gain or loss (in $) from their investment if the bill is sold 10 days later at 4.55% .if you deposit 55,650 in a bank at 12% interest for a period of ten years what will be the feuture value?