Bus. Math

What is the effective interest rate of an 8% 13-week Treasury bill? Assume it is a $10,000 Treasury bill, and round your answer to the nearest hundredth percent.


A. 8.20%
B. 9.00%
C. 8.17%
D. 8.16%

Answer: D??

  1. 👍
  2. 👎
  3. 👁
  1. Yes D!

    1. 👍
    2. 👎
  2. Can you show the steps to figure this out?

    1. 👍
    2. 👎

Respond to this Question

First Name

Your Response

Similar Questions

  1. 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? How much interest will he pay in total for the loan ? $720.00;3,600.00 $1,408.00;4,224.00* $36,000.00;12,000.00

  2. 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? (b) If the bank charges a fee of $20 to buy a T-bill, what is the actual interest rate you earn?

  3. Math/ business

    What is the effective rate of the interest rate of the interest when the rate is 6 percent compounded continuously?

  4. math

    what is the effective interest rate of an 8% 13-week treasury bill? assume it is a $10,00 treasury bill, and round to the nearest hundredth percent

  1. Math

    Tiffany purchased a $10,000, 13-week Treasury bill that's paying 2.25%. What is the effective rate on this T-bill? A. 2.26% B. 2.2% C. 2.0% D. 2.7%

  2. accounting

    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.)

  3. business Math

    You were offered the opportunity to purchase either a simple interest note or a simple discount note with the following terms: $33,353 at 7% for 18 months. a. Calculate the effective interest rate. (Do not round intermediate

  4. 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?

  1. algebra

    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

  2. Finance

    Interest rate premiums A 5-year Treasury bond has a 5.2 percent yield. A 10-year Treasury bond yields 6.4 percent, and a 10-year corporate bond yields 8.4 percent. The market expects that inflation will average 2.5 percent over

  3. 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? Round your answer to the nearest penny.

  4. College Finance

    1.A recent edition of The Wall Street Journal reported interest rates of 10.75 percent, 11.10 percent, 11.48 percent, and 11.75 percent for 3-, 4-, 5-, and 6-year Treasury security yields, respectively. According to the unbiased

You can view more similar questions or ask a new question.