1. Calculate the deadline for the following U.S. Treasury bills. Although the bill was originally issued for a period of five years, it currently has a two-year period. Bills pay interest semi-annually for a coupon rate of 3.00%. The market requires a yield of 2.40% of the bill.
2. Your bank plans to provide the customer with a loan of $15,000. The customer will have three instalments. Your bank will charge a 7% annual interest rate on the loan. What is the starting time of this loan?
Just need the method of solve these problems.