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The loan value is equal to 494 940.00 PLN. The period of the loan is 4 months (compound capitalization). The loan interest rate is equal

The loan value is equal to 494 940.00 PLN. The period of the loan is 4 months (compound capitalization). The loan interest rate is equal to 3.08% p.a. The loan will be repaid once. The commission is equal to 0.2% of the loan value and it reduces the amount of loan funds. The loan funds were used to purchase 4-month treasury bills. The annual discount yield is equal to 3.64%. The nominal value of treasury bill is equal to 10 000 PLN. Unused loan funds for purchase treasury bills will be placed on a 4-month term deposit with an interest rate of 2.0% (4-month capitalization). Calculate:

  1. the loan future value, (4 points)
  2. the number of purchased treasury bills and treasury bill price, (10 points)
  3. the result on this operation (6 points)

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