Wednesday

April 23, 2014

April 23, 2014

Posted by **Fellippe** on Thursday, September 6, 2012 at 10:25pm.

2. 8. A $15,000 T-bill is purchased at a 3.85% discount rate for 16 weeks. Find (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, (d) the effective rate of interest to the nearest hundredth of a percent.

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