Calculate the price on its issue date of a $100,000 face value, 120-day commercial paper certificate issued by a commercial bank if the price yields an investor an annual rate of return of 2.15%.

2)Evan's savings account pays interest of 1.25%. Interest is calculated on the daily closing balance and paid at the close of business on the last day of the month. Evan's account balance on July 1 was $8,240. He deposited $1,235 on July 14, and withdrew $840 on July 22. How much interest will Evan be paid for the month of July?

3)Niagara Manufacturing invested excess cash by purchasing a $100,000, 91-day Government of Canada T-bill on its issue date for $99,590.32. What annual rate of return will Niagara Manufacturing earn on its investment if the T-bill is held until maturity?

4)What is the highest price Kim should pay today for an investment that promises to pay $18,000 in six months from today and an additional $15,000 in nine months from today if she requires a rate of return of 9.25% on her investment?

5)Nicole signed an agreement to pay an investor in her business $7,500 on August 31, 2020 and $6,250 on November 30, 2020. If Nicole wishes to fully repay her investor on June 15, 2020, how much should the investor accept if he can earn 3.75% on other investments

6)Simone's small business has accumulated $14,750 of excess cash that will not be needed until a new piece of equipment is purchased. What will be the maturity value if she invests the funds in a 120-day term deposit paying an interest rate of 1.35%