Robert Amberson buys a $80,000 T-bill at a 5.5% discount for 13 weeks. Find the effective interest

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Robert Amberson buys a $80,000 T-bill at a 5.5% discount for 13 weeks. Find the effective interest rate. (Assume 52 weeks per year.)

Posted Date: May 19, 2024 08:08 PM

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Robert Amberson buys a $80,000 T-bill at a 5.5% discount for 13 weeks. Find the effective interest

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