math

posted by .

Suppose you are looking to buy a \$5000 face value 26-week T-bill. If you want to
earn at least 1% interest, what is the most you should pay for the T-bill?

• math -

It 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

Similar Questions

1. sentence correction

I don't see anything wrong with this sentence: It will be greatly appreciated if the bill is paid by check when possible. You're right; there's nothing wrong with this sentence. But you can make it much better by putting it in the …
2. math

How do I figure this: A lunch bill is unknown. J has \$8.00; not enough for the total bill. H. pays 3/5 of the bill. How much does H. pay?
3. math

suppose you are looking to buy a \$5000 face value 26 week T-bill. If you want to earn at least 1% interest what is the most you should pay for the T-bill
4. bonds

YOU WANT TO BUY A TREASURY BILL WHOSE FACE VALUE IS \$20000 IN 30 DAYS. THE INTEREST RATE IS 4.61%. HOW MUCH WILL YOU HAVE TO PAY FOR THE BILL?
5. Algebra

Tom has a \$20 bill, a \$10 bill, a \$5 bill, and \$1 bill. List the total costs possible for items he could buy if he receives no change.
6. Math

Bill and Harry are practicing for a track meet. Last week, Bill ran 900 meters on each of 3 days. Harry ran 1.2 kilometers on each of 2 days. Between last week and this week, Bill wants to run a total of 6 kilometers. How far does …
7. Math

Suppose you are looking to buy a \$10,000 face value 13-week T-bill. If you want to earn at least 4% annual interest, what is the most you should pay for the bill?
8. math

Bill takes a lot of \$9,000 and an 8% simple interest rate for 6 years How much interest will Bill pay after 2 years?
9. Math 105

Suppose you are looking to buy a \$10,000 face value 13-week T-bill. If you want to earn at least 3% annual interest, what is the most you should pay for the bill?
10. Math

(a) To buy a Treasury bill (T-bill) that matures to \$10,000 in 12 months, you must pay \$9700. What rate does this earn?

More Similar Questions