Question 1
A $10 000 loan advanced on February 15 at a 10% interest rate requires equal payments after 61 days, 122 days and 183 days from the day of the loan. What should be the value of the equal payments?
Question 2
What principal will have a future value of $640, at 12.1% in 6 months?
◦ $678.72
◦ $800
◦ $600
◦ $603.50
◦ $370.80