1. Why do you believe the currency values moved in the directions they moved?
2. Calculate the annualized cost of the trade credit terms of 5/15, net 75 when payment is made on the net due date? (assume a 365-day year). Round to two decimal places.
3. How much will $25,000 invested at 2.5 % simple interest be worth in four years? what will it be worth if the interest rate is 5%, compute for compound interest rate.