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Thuan borrows $1,000 at an annual simple interest rate of 9% with an ACT/360 daycount convention. He borrrows the money on May 18 (t =
Thuan borrows $1,000 at an annual simple interest rate of 9% with an ACT/360 daycount convention. He borrrows the money on May 18 (t = 0) and will repay the loan (plus interest) 180 days later (T = 180 days = 0.5 years). a) On what day does the loan mature? (Click to select) b) What is A(O)? (2 decimal places) c) What is A(T)? (2 decimal places) d) What is t (in years) corresponding to June 1? (5 decimal places) e) What is A(t) (using t from part d) (5 decimal places) f) What is a(t) (using t from part d) (5 decimal places)
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