Suppose you purchase a bank accepted bill with a face value of $100,000. It has 120 days to maturity and is trading at an interest rate of 8% pa. 1.1 What was the purchase price today (Day 0)?​​​​​​​1.2 Suppose you sell the BAB 30 days later. What was the sale price, if the interest rate was 8.0%? 1.3 (Still assuming 30 days later) What was the sale price if the interest rate was 7.5%?

Suppose the interest rate is 4.4%. a. Having $550 today is equivalent to having what amount in one year? b. Having $550 in one year is equivalent to having what amount today? c. Which would you prefer, $550 today or $550 in one year? Does your answer depend on when you need the money? Why or why not? a. Having $550 today is equivalent to having what amount in one year? It is equivalent to $. (Round to the nearest cent.)

What is the yield to maturity (YTM) on a simple loan for $1,500 that requires a repayment of $4,500 in five years' time? The yield to maturity is 24.6 %. (Round your response to one decimal place.)

Suppose you take out a loan for $7,000, at 12% ordinary interest. If the amount of interest is $672, what is the time period? (Round any fraction to the next higher day.) O280 days O 284 days 288 days O 292 days

Suppose you just bought an annuity with 10 annual payments of $16,500 at a discount rate of 13.75 percent per year. a. What is the value of the investment at the current interest rate of 13.75 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. b. What happens to the value of your investment if interest rates suddenly drop to 8.75 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. c. What happens to the value of your investment if interest rates suddenly rise to 18.75 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.

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Suppose your bank manager quoted you a 14% annual percentage interest rate on a loan that you need obtain urgently, he stated further that he would be charging the interest rate on the loan, on a bimonthly (every two) basis, what is the Effective Annual Rate that you would be paying?

After a 1 year investment you receive 7.4% interest (nominal) from your bank. However, looking at how prices have changed, you soon realize that the real rate of interest was actually 3.4%. How much was inflation during that year? Enter your answer as a percentage, rounded to 2 decimals, and without the percentage sign ('%'). For example, if your answer is 0.02345, then enter 2.35

You bought a 90-day bank bill 30 days ago. The face value of the bill is $100,000. The yield on this bill was 5% per annum. Today, when you sell the bank bill, the yield has increased to 6%. What is your return holding the bank bill?

If the APR of your credit card is 19% compounded monthly then what would be the effective interest rate that you will be charged? If you owe $1000 at the beginning of the year then what would should you pay at the end of year? Draw cash flow diagram.