Question 8 a) Over a period of nine months, $40.85 of simple interest is earned at 1.75% per quarter. Calculate both the principal and maturity value for the investment. b) Jayne needs to make three payments to Jade requiring $2,000 each 5 months, 10 months, and 15 months from today. She proposes instead making a single payment eight months from today. If Jade agrees to a simple interest rate of 9.5%, what amount should Jayne pay