Kaitlyn purchased a 91-day T-Bill that has a face value of $1330 and an interest rate...

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Kaitlyn purchased a 91-day T-Bill that has a face value of $1330 and an interest rate of 3.48% 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 1.2% at the time of the sale. Calculate his selling price. Round to the nearest cent. Answer: Kaitlyn purchased a 91-day T-Bill that has a face value of $1330 and an interest rate of 3.48% 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 1.2% at the time of the sale. Calculate his selling price. Round to the nearest cent. Answer:

Answer rating: 100% (QA)

Face Value of TBill 133000 Interest for 91days 1330 348 91 365 1154 Matur... View the full answer