Question: Solve the problem. Henry Smith buys a $ 1 1 0 , 0 0 0 T - bill at a 5 . 6 % discount

Solve the problem.
Henry Smith buys a $110,000 T-bill at a 5.6% discount for 22 weeks. Find the purchase price of the T-bill. (Assume 52 weeks per year.)
Group of answer choices
$104,787.69
$107,393.85
$108,696.92
$107,133.23

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