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October 9th, 2008, 11:12 PM  #1 
Newbie Joined: Oct 2008 Posts: 1 Thanks: 0  simple and compund interest help
An investor purchased a $500000, 180 Tbill, 150 before maturity to yield 2.86%. he then sold the TBill 80 days later to yield 2.45%. How much profit did he make for the lenght of time he help the TBill and what was his actual rate of return?  my work so far: s= 500000 (1+0.011753424) 500000(1.011753425) =505876.71 p=505876.71 (1+0.00469 =508.25 **AND** I need help: You owe two payments $6000 one due in 6 months and the other due in 15 months. If you make a payment of $6000 today, when must you make the second payment of $6000 if money is worth 8% compounded semi annually?  This is my work so far: Fv=6000 (1+0.00667)^15 =6000(0.9051237746) =5430.8 n= 12x15/12 n=15 Edit/Delete Message 
October 10th, 2008, 02:25 PM  #2  
Senior Member Joined: May 2008 Posts: 301 Thanks: 81  Re: simple and compund interest help Quote:
Using today as the comparison date, we have  

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