1.) The note was sold 132 days prior to the maturity date to a bank. The bank pays $14,655.23 for the note. What rate of simple discount, d, did they use to determine this price? 2.) Jim borrows $10,000 and writes a promissory note on November 10, 2007. The due date of the note is February 18, 2008. The legal due date value (or maturity value) is $10,472.00. The note is sold to Kim on December 21, 2007. Kim discounts the note at a simple interest rate of r = 15%. How much does Kim pay for the note? 3.) Mr. A lends $20,000 to Mr. B on May 6, 2010. A promissory note is written by Mr. B at a simple interest rate of 9%. The due date of the note is October 6, 2010. The maturity value of the note is $20,769.32. Mr. C sells the note to a bank on August 6, 2010 for $20,419.16. What rate of return does the bank earn on their investment? 4.) A deposit of $25,000 is made on February 28th, 2007. Given a simple discount rate of d = 8%, what is the accumulated value of the $25,000 on May 18th, 2007, assuming the bankers rule for t? 5.) Using 365 days per year, how long will it take $2000 to accumulate to $2119.63 at a simple discount rate of 10%?