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Please help number 1 and 2 SHOW ALL YOUR WORK FOR CREDIT 1.- The current price of cocoa is $3, 136 per tonne. Forward contracts

Please help number 1 and 2 image text in transcribed
SHOW ALL YOUR WORK FOR CREDIT 1.- The current price of cocoa is $3, 136 per tonne. Forward contracts are available to buy or sell for 50 tonnes of cocoa at $170,000 with delivery in one year. Money can be borrowed at 3% per year. What should the arbitrageur (someone that who engages in arbitrage) strategy? 2.- Nacho inherited $700,000 from his parents. He puts the money in a bank account that pays 5% per year. If he spends $60,000 per year, how long will it take for him to use all the money

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