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short multiple choice questions 1 You lend $10,000 to a friend for 20 days at a simple interest rate of 2%/year. Which of the following
short multiple choice questions
1 You lend $10,000 to a friend for 20 days at a simple interest rate of 2%/year. Which of the following is best for you? Select one: t of O 1. It makes no difference over such a short period of time. O II. Charge exact simple interest. O III. Charge ordinary simple interest. 5 O Search A Treasury bill has a face value of $1000, a yield of 5%/year and is one year from maturity. What is the maturity value of the bill? Select one: of O I. $1050 O II. $1100. III. $1000 O IV. $952.38Step by Step Solution
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