Business, 05.03.2021 20:00 hamidaakter936848
3. Find the purchase price, the interest, and the effective rate of interest for a $2,000,000, 13-week T-bill with a discount rate of 9.2%.
O The purchase price is $46,000. The interest is $1,954,000, and the effective rate of interest is about 9.2%.
O The purchase price is $2,000,000. The interest is $46,000, and the effective rate of interest is about 9.7%.
O The purchase price is $1,954,000. The interest is $46,000, and the effective rate of interest is about 9.2%.
O The purchase price is $1,954,000. The interest is $46,000, and the effective rate of interest is about 9.4%.
Answers: 1
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3. Find the purchase price, the interest, and the effective rate of interest for a $2,000,000, 13-we...
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