Question: solve SUBMIT ANSWER 20. [- / 1 Points] Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of
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SUBMIT ANSWER 20. [- / 1 Points] Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Ro Face Discount Term Value (weeks) Interest Purchase Effective Rate (%) Price Rate (%) $80,000 4.80 26 $ to SUBMIT ANSWER 21. [- / 1 Points] Use the ordinary interest method, 360 days, to solve the following word problem. Round to the nearest cent when necessary. Roni Lockard signed a $27,500 simple discount promissory note at a certain bank. The discount rate was 19%, and the note was (a) What proceeds (in $) will Roni receive on the note? $ (b) What is the maturity date of theStep by Step Solution
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