B) $10.61 Find the future value of the loan. Assume simple interest. Round to the neareste 2) $600.00 loan at 8% for 7 months C) $106.05 D) $107.53 to the nearest cent, if necessary. A) $633.00 B) $1,028.00 C) $936.00 D) $628.00 The given Treasury bill was sold in August 2008. Find () the price of the T-bill, and paid by the Treasury. Round monetary amounts to the nearest cent and interest rate Assume simple interest and discount. 3) Six-month $13,000 T-bill with discount rate 1.825% he price of the T-bill, and (ii) the actual interest rate ent and interest rates to the nearest thousandth. A) (i) $12,881.38; (ii) About 1.842% C) () $12,988.14; (ii) About 0.183% B) (0) $12,857.65; (ii) About 2.214% D) (i) S13,118.63; (ii) About 1.808% Solve the problem. Assume 365 days in a year. Assume simple interest and discount 4) Courtney Kendall needs $9,820.63 to pay for remodeling work. Her bank loans money at a discount rate of 10% for 180 days. Find the face value of a loan so she will have $9,820.63. A) $10,337.51 B) $10,330.06 C) $10,802.69 D) $9,820.63 Find the compound interest earned by the deposit. Round to the nearest cent. 5) $7,000 at 5% compounded semiannually for 12 years A) $5,661.08 B) $2,414.22 C) $4,200.00 D) $5,570.99 Find the interest rate (with annual compounding) that makes the statement true. Round to the nearest hundredth when necessary. 6) $426.00 grows to $864.18 in 20 years. A) 2.70% B) 4.50% C) 3.60% D) 3.24%