A payday loan company offers a one month loan of $450 for a fee of $10. Find the equivalent simple annual interest rate. The simple annual interest rate is Round your answer to two decimal places. Your Answer: Answer Question 7 (1 point) Treasury Notes (T-notes) are bonds issued by the federal government to cover its expenses. Suppose you obtain a $10,000 T-note with a 4% annual rate, paid semi- annually, with a maturity in 3 years. How much interest will you earn? Round your answer to two decimal places. Do not include the $ sign in your answer. Your Answer:

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