y Quiz on Financial Services ~ Lyryx Learning Inc - Google Chrome lila1.lyryx.com/quiz-servlets/QuizServlet?ccid=3966 Question 7 [5 points] The opening balance of a savings account for January is $3,509. On January 8, $761 was withdrawn from the account If the account pays simple interest at 0 50% based on the daily closing balance, how much interest is deposited on February 1? For full marks your answer should be rounded to the nearest cent Interest = $ 13.74 Question 8 [5 points] Softouch Co. issued a 270-day, $200,000 commercial paper A bank purchased the paper for $197,718 38. What was the yield for the paper on its issue date? Give your answer as a percent accurate to two decimal places Yield = 0.00 % Question 9 [5 points] A 90-day, $170,000 face value treasury bill was issued 33 days ago when yields were 1 11% If the current rate of return is 1 82%, what is its purchase price today? For full marks your answer should be rounded to the nearest cent. Price = $ 0.00 4 Time Remaining: 17:18 SUBMIT AND MARK