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Tiffany purchased a $10,000, 13week Treasury bill that's paying 2.25%. What is the effective rate on this Tbill? A. 2.26% B. 2.2% C. 2.0% D. 2.7%
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On January 18, 2007 BusinessWeek reported yields on Treasury bills. Bruce Martin purchased a $10,000 13week 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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On January 18, 2007, BusinessWeek reported yeilds on Treasury bills. Bruce Martin purchased a 10000.00 13week Treasury bill at 9881.25 (a) What was the amount of interest? (b) What was the effective rate of interest?
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Assume the $10,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest.(Use calendar year. Round your answer to 2 decimal places. Omit the "%" sign in your response.)
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