Kaitlyn purchased a 91-day T-Bill that has a face value of $940 and an interest rate...

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Kaitlyn purchased a 91-day T-Bill that has a face value of $940 and an interest rate of 6.76% p.a. In 46 days, she needed the money and therefore, sold the T- bill to another investor. The rate for this investment in the market was 7.2% at the time of the sale. Calculate his selling price. Round to the nearest cent. Page 3 Answer: Kaitlyn purchased a 91-day T-Bill that has a face value of $940 and an interest rate of 6.76% p.a. In 46 days, she needed the money and therefore, sold the T- bill to another investor. The rate for this investment in the market was 7.2% at the time of the sale. Calculate his selling price. Round to the nearest cent. Page 3 Answer:

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solution Civen face value qu0 inleresl Rale 67610 face value purchase value ... View the full answer