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USD interbank time deposits are quoted on an ACT/360 day basis. Suppose that we make a 3 month interbank desposit of $100 at a

USD interbank time deposits are quoted on an ACT/360 day basis. Suppose that we make a 3 month interbank

USD interbank time deposits are quoted on an ACT/360 day basis. Suppose that we make a 3 month interbank desposit of $100 at a rate of 2.37% (for settle Sep 27). What do we receive at maturity on Dec 27? (Round to nearest $0.01).

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