The purchaser of a 168-day T-bill with a face value of $100,000 paid $98,929.92 for it. She then sold the T-bill to a client at a rate of interest of 2%. What profit did she realize on the sale?

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The Answer of The purchaser of a 168-day T-bill with a face value of $100,000 paid $98,929.92 for it. She then sold the T-bill to a client at a rate of interest of 2%. What profit did she realize on the sale?

The Purchaser of a 168-Day T-Bill with a Face Value