1. $4,700 is deposited in a bank for 15 months at a rate of 1.5% per month. Calculate: a) The amount at the end of the term. b) The interest generated in the last month. c) Interest generated in month 7. 2. It is decided to deposit $2,800 for a term of 95 days at an annual rate of 20%. If it is considered commercial interest, how much will be withdrawn at the end of the term?

3. A promissory note with a face value of $6,000 discounted 2 months before maturity at 30% per year with compound interest. Calculate the discounted value.