1. CVY issued a 120-day note in the amount of $350,000 on 12/1/17 with an annual rate of 4%. What amount of interest has accrued as of 12/21/17?

2. QVIC sells $100,000 of bonds to private investors. The bonds have an 8% coupon rate and interest is paid quarterly. The bonds were sold to yield 9%. What periodic interest payment does QVIC make to its bond investors?

3. Q Corp. sells $250,000 of bonds to private investors. The bonds are due in five years and coupon interest is paid annually. The bonds were sold to yield 6% (YTM) so that Q Corp received the proceeds of $457,876 from selling the bonds. What annual interest payment does Q Corp make to its bond investors?