1. Name 4 potential disruption each caused by technology to mutual fund AND commercial banks.
2. On June 21, $ 4,250 is deposited in a bank that yields 8% yearly, what is the amount accumulated on November 3 of the same year?
3. A financial company calculates a customer the annual interest rate at which the amount of $ 10,000 is $ 11,483.33 in 10 months, what is the rate?
4. Discuss liquidity and the implications for equity investors and creditors.