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Question 4 Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. $300 for 327 days;
Question 4 Find the present value of the future amount. Assume 365 days in a year. Round to the nearest cent. $300 for 327 days; money earns 3% 0 $292.15 0 $291.26 0 $7.85 0 $292.17 The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and {ii} the actual interest rate paid by the Treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth. One-year $5000 T-bill with discount rate 0.095% O [i] $5004.75; {ii} About 0.095% 0 [il $4999.53: {ii} About 0.01% 0 (013499525; {ii} About 0.095% o [i] $4994.30; {ii} About 0.114% Question 10 Solve the problem. A bank gives you two options to choose from for your investments: Option A: 8% annual interest rate compounded yearly; and Option B: 7.9% annual interest rate compounded quarterly. Decide which is the better investment at the end of 2 years. 0 Option A 0 Option B
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