ro2ckskdgeneSyl ro2ckskdgeneSyl

09-12-2016
Business

contestada

The Treasury Department auctioned $21 billion in 3-month bills in denominations of $10,000 at a discount rate of 4.965%. What would be the effective rate of interest? Round your answer to the nearest hundredth percent.

Respuesta :

syed514 syed514

09-12-2016

- Interest = $10000 x .04965 x 13/52 weeks = $124.13
- Proceeds = $10000 – 124.13 = $9875.87
- Effective interest rate = $124.13 / (9875.87 x 13/52) = 5.03%

Answer Link

Otras preguntas

Select the correct text in the passage. Which sentence demonstrates confidence? Timothy believes that he is always correct. He has the courage to make decision

HELP! (100 POINTS) WILL MARK BRAINLIEST TO WHOEVER THOROUGHLY ANSWERS FIRST.sophia's house is located at the point (1,1). The library is located at the point (6

Area is measured in square units. This means that if we divide the shape into squares that are equal in size and count them up, the area is the total number of

look at each of the following arguments. using the drop-down menus, choose whether each argument is for or against prohibition. "the choice to drink alcohol sho

In a covalent bond between Cl and H, ( ) tends to attract electron density from the other element in the bond.

What is Limit of (3 x minus 3) Superscript five-halves Baseline as x approaches 4? RootIndex 5 StartRoot 31 EndRoot RootIndex 5 StartRoot 92 EndRoot 15 243

What considerations should be taken into account when selecting colors and proposing color schemes for an interior design project? How might the color schemes t

Verify and name the property used -117 × 251 + (-117) × 249

Solve. (+6) divided sign (+2) = A. +12 B. +8 C. +4 D. +3 E.-3

Review the clue. The root of the word evacuate is vacuus, or "empty." Based on this clue, which phrase is the best meaning of the word evacuate? to leave a p