1. Suppose you plan to deposit $100 into an account in one year and $300 into the account in three years how much will be in the account in five years if the interest rate is 8%. Would be better if solved with BAII plus calulator.
2. Suppose you purchase a T-bill that is 117 days from maturity for $9,602. The T-bill has a face value of $9,976. What is the T-bill’s bond equivalent yield in percent?