Question 6 (1 point) An investor wishes to purchase a $100,000 T-bill 63 days before its maturity date at a price that will yield 3.45% simple interest. What price would the investor be willing to pay for the T-bill? Your Answer: Answer Question 7 (1 point) Calculate the price of a $60,000, 364-day Treasury bill on its issue date if the current market rate of return is 3.55%. Express your answer to 2 decimal places, but don't include the $ symbol. Your Answer: Question 8 (1 point) Peter borrowed $4,000 on January 2nd. The simple interest rate charged on his loan was initially 6.75% and increased to 7.00% on January 15th. His bank charges interest at the end of each month. Calculate the missing values from the table below. Time Period #Days Interest Rate Interest Amount Jan 2 - Jan 15 13 6.75% Jan 15 - Jan 31 16 7.00% B Total Interest Due: Place the value for A in the first box, B in the second and C in the third. Round your answers to 2 decimal places. A/ AY Question 9 (1 point) Mahesh borrowed $4,580 from Becky. He signed a contract agreeing to pay it back 9 months later with 6.45% simple interest. After 6 months, Becky sold the contract to Stan at a price that would earn Stan 5.00% simple interest per annum. Calculate the simple interest rate that Becky earned during the period that sh the contract Express your answer as a percentage rate rounded to 2 decimal places but don't include the % sign. Your Answer: Answer Question 10 (1 point) Rob borrowed $5.450 from Richard and signed a contract agreeing to pay it back 10 months later with 5.55% simple interest. After 6 months, Richard sold the contract to Chris at a price that would earn 5.00% simple interest per annum. Calculate the price that Chris paid Richard. Your