Neil Roddrick purchased $5,000 in U.S. Treasury bills with a discount rate of 6% for a period of 13 weeks. How much interest did Neil earn on the T-bill investment? How much was the purchase price of Neil's T-bills? What was the effective interest rate of Neil's T-bill investment? (Round to the nearest hundredth of a percent)

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The Answer of Neil Roddrick purchased $5,000 in U.S. Treasury bills with a discount rate of 6% for a period of 13 weeks. How much interest did Neil earn on the T-bill investment? How much was the purchase price of Neil's T-bills? What was the effective interest rate of Neil's T-bill investment? (Round to the nearest hundredth of a percent)

Neil Roddrick Purchased $5,000 in U