Warren borrowed $14,000 on a noninterest-bearing, simple discount, 4.5% 60 day note. Assume ordinary interest. What are: i. The maturity value, ii. Bank's discount, ii. Warren's proceeds, iv. Effective interest rate to the nearest 100th, b. Lionel deposits $7,000 in Victory bank, which pays 4% interest compounded semiannually. How much will Lionel have in his account at the end of 8 years? D