a)Define the accumulation amount and accumulation factor for a loan/investment. Give the formula for the accumulation factor for simple interest with annual rate i.

b) Explain the difference between the daycount conventions ACT/360 and ACT/365

c) Parmeet invests $25,000 on January 27, 2019 at an annual simple interest rate of 4.000%. Use the daycount convention ACT/360. How much money is in her account on March 31, 2019?

d) On what day does her account balance first equal or exceed $25,250?