# BUQU 1130 Business And Quantitative Methods

## Question:

What is the maturity value of a 120 day, \$800 promissory note with interest of %7 p.a An investment dealer purchased 364 day Treasury bills worth \$100,000. They were bought 200 days before maturity to yield 4.11%. What did the investor pay for the T-bills What is the accumulated value of \$600 invested today at 8% p.a. compounded semi- annually for 5 years and3 months

4- What is the present value of \$ 7,500 due in 9 years if interest 6% p.a. compounded monthly How much was paid for a \$ 2,000 non-interest bearing note discounted 3 years and 6 months before its due date at 8% compounded quarterly  What is the nominal annual rate of interest compounded semi-annually if \$ 700 accumulates to \$ 1150 in 3 years7- What is the effective interest rate of 6.3% p.a compounded monthly

Chris saves \$ 150 each month-end for 5 years. If interest is 6% compounded monthly, how much interest earned  \$450 loan payment was due 5 months ago, but didn’t get paid and another payment is to be made 3 months from now for \$800. What one amount paid today would be equivalent to these amounts if interest is 8.5% p.a. compounded monthly Determine the proceeds of a promissory note for \$4000 with interest at 5% p.a. compounded quarterly, issued September 1, 2009, due on June 1, 2015, and discounted on December 1, 2012 at 8% compounded monthly.

• On August 12, Scottie borrowed \$20,000 at 10.5% on note requiring payment of principle and interest on demand. She paid \$ 5000 on November 1, \$6000 on December 15, and the balance on February 25. The rate interest on the loan was 10.5% How much did she pay on February 25if she missed the first 5 payments, hoe much would have to pay at the end of the 6thmonth to bring her payments up to date ?If she credit union demanded payment in full after 6 moths, how much would she need.
• Wendy has contributed \$ 2000 per year for the last ten years into an RRSP deposit with her bank in London, ON. Interest earned by these deposits was 4% compounded semi-annually for the first three years and 5.5% compounded quarterly for the last seven years. Five years after the last deposit, she converted her RRSP into a registered retirement income fund. How much was to beginning balance in  the RRIF if interest for those five years remained 5.5% compounded quarterly.
• Find the equated date at which a payment of \$600 due four months ago and payment of \$600 due today could be settled by a payment of \$1250 if interest is 9% compounded monthly.
• An investor purchased a 91-day, \$100,000 T-bill on its issue date for \$99,362.85. After holding it for 42 days, she sold the T-bill for a yield of 2.72%. What was the original yield rate of the T-bill For what price was the T-bill sold.
• Jenny borrowed money from ABC Bank and agreed to repay the loan in blended monthly payments of 918.65 over a four-year period. Interest on the loan was 5% compounded monthly. How much did she borrow.

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My Assignment Help (2021) BUQU 1130 Business And Quantitative Methods [Online]. Available from: https://myassignmenthelp.com/free-samples/buqu1130-business-and-quantitative-methods/nominal-annual.html
[Accessed 03 December 2022].

My Assignment Help. 'BUQU 1130 Business And Quantitative Methods' (My Assignment Help, 2021) <https://myassignmenthelp.com/free-samples/buqu1130-business-and-quantitative-methods/nominal-annual.html> accessed 03 December 2022.

My Assignment Help. BUQU 1130 Business And Quantitative Methods [Internet]. My Assignment Help. 2021 [cited 03 December 2022]. Available from: https://myassignmenthelp.com/free-samples/buqu1130-business-and-quantitative-methods/nominal-annual.html.

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