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August 23, 2014

August 23, 2014

Posted by **mary** on Wednesday, July 18, 2012 at 1:23am.

earn at least 1% interest, what is the most you should pay for the T-bill?

- math -
**drwls**, Wednesday, July 18, 2012 at 2:25amIt will be worth $5000 in 1/2 year. That is 1.005 times what it is worth now, assuming 1% annual interest. You should pay no more than X, where

1.005 X = 5000.

X = $4975.12

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