17. Suad purchased an $18,000, 182-day T-bill discounted to yield 1.98%. What was the purchase price?

18. Calculate the maturity value of a 180-day, $25,000 GIC that has a 4.25% rate of return.

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19. A high-rate savings account pays interest of 2.05%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. A depositor had a $12,245 opening balance on September 1, withdrew $1,100 for a car payment on September 4, and deposited his paycheque for $3,500 on September 18. What interest will be credited to the account at the month's end?

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20. What is the value today of an investment that has payments of $400 due in 30 days, $500 due in 60 days and $1,000 due in 90 days? The investment has a 6.5% rate of return.

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21.a.What will be the maturity value of $22,000 placed in a 110-day term deposit paying an interest rate of 3.75%?(Do not round intermediate calculations and round your final answer to 2 decimal places.) Maturity value = b.If, on the maturity date, the combined principal and interest are "rolled over" into a 80-day term deposit paying 3.00%, what amount will the depositor receive when the second term deposit matures?(Do not round intermediate calculations and round your final answer to 2 decimal places.) Maturity value =

22.Certificate A pays $2200 in three months and another $2200 in six months. Certificate B pays $2200 in four months and another $2200 in seven months. If the current rate of return required on this type of investment certificate is 4.55%, determine the current value of each of the certificates.(Do not round intermediate calculations and round your final answers to 2 decimal places.)

Value of certificate A	$
Value of certificate B	$

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23. money market mutual fund purchased $1.03 million face value of Honda Canada Finance Inc. 60-day commercial paper 22 days after its issue. What price was paid if the paper was discounted at 2.13%? (Round your final answer to 2 decimal places.) Price =

24. An investment promises two payments of $1000, on dates 60 and 90 days from today. What price will an investor pay today: a) If her required return is 10%? b) If her required return is 11%?

25.A contract requires payments of $1000, $2000, and $3000 in 90, 120, and 150 days respectively, from today. What is the value of the contract today if the payments are discounted to yield a 6% rate of return?

26.Calculate the price (to the nearest dollar) of a $25,000, 91-day Province of British Columbia Treasury bill on its issue date if the current market rate of return is 1.672%.

27.A $100,000, 90-day commercial paper certificate issued by Wells Fargo Financial Canada was sold on its issue date for $99,250. What rate of return will it yield to the buyer? Round to the nearest 0.001%

28.A $100,000, 90-day commercial paper certificate issued by Bell Canada Enterprises was sold on its issue date for $98,950. What annual rate of return (to the nearest 0.001%) will it yield to the buyer?