Use the information below on CAL Bank NCD rates to answer questions the questions following

Buy % pa Sell % pa

1-month (30 days) 9.0 11.30

2-months (60 days) 9.0 11.35

3-months (91days) 9.0 11.40

1. If an investor invested in the one-month (30days) NCDs with GHS125 million, how much will be his total payment from CAL BANK at the end of the one-month period?

2. If another investor invested GHS500 million in the three-month NCD and for some unforeseen circumstances this investor decided to liquidate his investment on day 52, calculate the total amount that CAL Bank should pay him