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Question 1 5 pts You are running a bank and a customer wants to borrow $3m from the bank starting in 267 days and ending
Question 1 5 pts You are running a bank and a customer wants to borrow $3m from the bank starting in 267 days and ending in 336 days. You charge interest on an ACT/360 basis and will set the rate at 1.06% above fair. Interest rates are: Days Cont. Comp. Rates 267 3.01 336 3.86 What rate do you charge? Give your rate to 2 decimal places and enter 3.05% as 3.05
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