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Q. 1 Over a six-month period the annual financial rate is given by Month 2 4 5 6 Annual rate 0.05 0.05 0.05 0.08 0.08

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Q. 1 Over a six-month period the annual financial rate is given by Month 2 4 5 6 Annual rate 0.05 0.05 0.05 0.08 0.08 0.09 (i) Give the value of the rate and discount function over the six month period. (ii) If OR 750 were invested at the beginning of the six months what would be its value after six months? (iii) If OR 900 were required to pay a note due at the end of the six- month period, how much money would need to be invested at the beginning

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