The purchaser of a 168-day T-bill with a face value of $100,000 paid $98,929.92 for it. After 50 days, interest rates had increased and she sold the T-bill at 2.85%. What price did she receive for the T-bill?

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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. After 50 days, interest rates had increased and she sold the T-bill at 2.85%. What price did she receive for the T-bill?

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