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a. What will be the maturity value of $16,000 placed in a 120-day term deposit paying an interest rate of 2.00%? (Do not round Intermediate

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a. What will be the maturity value of $16,000 placed in a 120-day term deposit paying an interest rate of 2.00%? (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Maturity value b. ll, on the maturity date, the combined principal and interest are rolled over into a 90-day term deposit paying 2.40%, 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

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