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Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
النسخة 7الرقم المعياري الدولي: 978-1285448596 تمرين 46
Solve the following word problems. Round to the nearest cent when necessary.
Fernando Rodriguez purchased $64,000 in U.S. Treasury bills with a discount rate of 4.7% for a period of 13 weeks.
a. How much interest did Fernando earn on the T-bill investment?
b. How much was the purchase price of Fernando's T-bills?
c. What was the effective interest rate of Fernando's T-bill investment? Round to the nearest hundredth of a percent.
Fernando Rodriguez purchased $64,000 in U.S. Treasury bills with a discount rate of 4.7% for a period of 13 weeks.
a. How much interest did Fernando earn on the T-bill investment?
b. How much was the purchase price of Fernando's T-bills?
c. What was the effective interest rate of Fernando's T-bill investment? Round to the nearest hundredth of a percent.
التوضيح
موثّق
موثّق
a. First find the interest on the T-bill...
Contemporary Mathematics for Business and Consumers 7th Edition by Robert Brechner ,George Bergeman
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