1) An obligation of RM8400 is due in six months. What is the present value of this obligation at a bank discount rate of 9%?

2) A 90-day, 8% interest-bearing note for RM3000 dated 2 September 2019 was discounted on 14 November 2019 at 5%. Find

a) the maturity value of the note,

b) the discount,

c) the proceeds.

3) A bank discounts all short term loans of 60-day duration at 14%. What is the equivalent simple interest rate?

4) Felix owned an RM676, non-interest-bearing note dated 9 August 2019. On 14 September 2019, he discounted the note at 6% and received RM672.62. Find the maturity date of the note.