Question: What will be the interest earned on a T-bill with a $1,000 face value and an annualized interest rate of 2%, maturing in 30

What will be the interest earned on a T-bill with a $1,000

What will be the interest earned on a T-bill with a $1,000 face value and an annualized interest rate of 2%, maturing in 30 days (1 month), considering 360 days in a year? Select an option Clear Respons 1.25% 1.33% 1.5% 1.67%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!