a. If the interest rate is 26% and the price of the T-bill today is P2,870, how much does it promise to pay a year from now?Show the computation.

b. If the T-bill promises to pay P3,230 a year from now, how much is the interest rate thatthe T-bill yields if today, the T-bill can be purchased at a price of 2,760? Show computation.

c. If the T-bill promises to pay P3,230 a year from now, and the interest rate is 22%, how much is the current value of the T-bill?Show the computation.