I know that the answer to the question is D I just need to know how to work out the problem by hand Thanks for any and all help 5 Suppose you pay $9,700 for a Treasury bill maturing in six months What is the effective annual rate of return for this investment a) 3 1 b) 6 c) 6 18 d) 6 28

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Question: I know that the answer to the question is D I just need to know how to work out the problem by hand. Thanks for

I know that the answer to the question is D I just need to know how to work out the problem by hand. Thanks for any and all help!

I know that the answer to the question is D I just

5. Suppose you pay $9,700 for a Treasury bill maturing in six months. What is the effective annual rate of return for this investment? a) 3.1% b) 6% c) 6.18% d) 6.28%

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