1-What single payment today would replace a payment of $1,600 in 1 years and a payment of $4,800 in 5 years if the interest rate is 7.20% compounded semi-annually?

2- An investor purchased a 95-day, Government of Canada T-bill that had a simple interest rate of 4.25% p.a. and face value of $75,000. Calculate the price he paid for the T-bill.

3-How much did Speedy Movers borrow for a debt that accumulated to $55,807.36 in four years? The interest rate was 3.25% compounded monthly.

4- Kiara purchased an interest-bearing promissory note for $4,000.00 at 4.00% p.a., due in 90 days.

a- If she holds the note for the full 90 days, calculate the maturity value of the note.

b- If she sold the note in 36 days by discounting it at 5.00% p.a., calculate the proceeds of the note.