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Please answer #6 3) What is the purchase price of a 50-day T-bill with a inalurity value of $1,000 that cars an inte 15.53%? Use
Please answer #6
3) What is the purchase price of a 50-day T-bill with a inalurity value of $1,000 that cars an inte 15.53%? Use a 360 day year. 4) A newborn child receives a $20.000 gift toward a college education from her grandparents. How the $20.000 be worth in 17 years if it is invested at 7% compounded quarterly? 5) If an investment company pays 6% compounded semiannually, how much should you deposit n $10,000 10 years from now? 6) What is the APY for money invested at a. 10% compounded semiannually? b. 9% compounded continuously? 7) How long will it take $6,000 to grow to $8,600 if it is invested at 9.6% compounded continuousl
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