Provide an appropriate response.
-If an investor buys a 39-week T-bill with a maturity value of $25,000 for $23,543 what annual interest rate
(annual yield) will the investor earn? (Express your answer as a percentage, correct to one decimal place.)
Correct Answer:
Verified
Q17: Convert the given interest rate to decimal
Q18: Convert the given interest rate to decimal
Q19: Use the formula A = P(1 +
Q20: Solve the problem. Round dollar amounts to
Q21: Provide an appropriate response.
-An investment company pays
Q23: Provide an appropriate response.
-How much should you
Q24: Find the compound interest earned. Round to
Q25: Find the compound amount for the deposit.
Q26: Use the average daily balance method to
Q27: Find the compound amount for the deposit.
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