Subject: Financial Mathematics - Compound Bank Discounting and Simple Rational Discounting 1. On March 7, Sol SAC was accepted a promissory note of $9,000 due in 90 days. What was the liquid value that the company received on that date if the nominal annual discount rate was 48% with a bank discount period every 30 days? In addition, detail your calculations.

2. 2 bills of $5,000 and $8,000 each, maturing in 30 and 45 days, are discounted at a simple interest rate of 12% and 15% per annum, respectively. Calculate the total amount of the simple rational discount. In addition, detail your calculations.

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