Question: Debra paid $ 2 4 , 9 0 0 for a $ 2 5 , 0 0 0 T - bill with 3 0 days

Debra paid $24,900 for a $25,000 T-bill with 30 days remaining until maturity. What (annual) rate of interest will she earn? (Do not
round intermediate calculations and round your final answer to 3 decimal places.)
Annual rate
%
Debra paid $24,900 for a $25,000 T-bill with 30 days remaining

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