Bill casler bought a $2,000, 9-month certificate of deposit (cd) that would earn 8% annual simple interest. three months before the cd was due to mature, bill needed his cd money, so a friend agreed to lend him money and receive the value of the cd when it matured. a) what is the value of the cd when it matures? b) if their agreement allowed the friend to earn a 10% annual simple interest return on his loan to bill, how much did bill receive from his friend?

Faldo corp sells on terms that allow customers 45 days to pay for merchandise. its sales last year were $325,000, and its year-end receivables were $60,000. if its dso is less than the 45-day credit period, then customers are paying on time. otherwise, they are paying late. by how much are customers paying early or late? base your answer on this equation: dso - credit period = days early or late, and use a 365-day year when calculating the dso. a positive answer indicates late payments, while a negative answer indicates early payments.a. 21.27b. 22.38c. 23.50d. 24.68e. 25.91b