1.

On January 31, 2020, Company Z borrows $85,000 for two years at an interest rate of 8%. Compute the simple interest at the end of the year (December 31, 2020).

$13,600

$12,466

$6,800

$6,233

2.

Which of the following is not an example of a cash equivalent?

Money market funds

Treasury bills

Money orders

All of the following are examples of cash equivalents