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April 21, 2014

Homework Help: Business Math

Posted by Anonymous on Saturday, November 26, 2011 at 12:37pm.

On January 18, 2007 BusinessWeek reported yields on Treasury bills. Bruce Martin purchased a $10,000 13-week Treasury bill at $9,881.25. (a) What was the amount of interest? (b) What was the effective reate of interest?

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