Debra paid $99,615 for a $100,000 T-bill with 30 days remaining until maturity. What (annual) rate of

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Debra paid $99,615 for a $100,000 T-bill with 30 days remaining until maturity. What (annual) rate of interest will she earn? (Taken from CIFP course materials.)

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Business Mathematics In Canada

ISBN: 978-0070009899

7th edition

Authors: Ernest Jerome

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Question Posted: Jan 20, 2016 07:15 AM

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Debra paid $99,615 for a $100,000 T-bill with 30 days remaining until maturity. What (annual) rate of

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Business Mathematics In Canada

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