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Assume that you are a retail customer. Use the information below to answer the following question. API S($/) F360 ($/) Bid $1.42 = = 1.00

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Assume that you are a retail customer. Use the information below to answer the following question. API S($/) F360 ($/) Bid $1.42 = = 1.00 $1.48 = 1.00 Ask $1.45 = 1.00 $ 1.50 = 1.00 i$ 4 i 3 If you borrowed 1,000,000 for one year, how much money would you owe at maturity

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