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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

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What is the effective interest rate of an 8% 13week 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??

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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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