Assume the $10,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest. (Use calendar
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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 the nearest hundredth percent.) |
Effective rate of interest | % |
Related Book For
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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