Sadie is buying new furniture that costs $560. which is the most cost-effective option? a: credit card with an apr of 18 percent and no grace period
b: store credit with an apr of 22 percent
c: personal loan with an apr of 18 percent and an application fee of $50
d: credit card with an apr of 18 percent with a grace period of twenty-five days

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?