SOLUTION: Thuan borrows $1,000 at an annual simple interest rate of 9% with an ACT/360 daycount convention. He borrrows the money on May 18 (t = 0) and will repay the loan (plus interest) 18

Question 1160075: Thuan borrows $1,000 at an annual simple interest rate of 9% with an ACT/360 daycount convention. He borrrows the money on May 18 (t = 0) and will repay the loan (plus interest) 180 days later (T = 180 days = 0.5 years).
What is A(0)?
What is t (in years) corresponding to June 1?
What is A(t) (using t from part d) (5 decimal places)
Answer by ikleyn(52879) (Show Source): You can put this solution on YOUR website!
.

When you instruct " using t from part d ", how should I understand it ?

From which textbook or from which financial document I should learn about " part d) " ? ? ? ? ? ?

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