The given Treasury bill was sold in April of this year. Find (i) the price of the T-bill, and (ii) the actual interest rate paid by the Treasury. Round dollar amounts to the nearest cent and interest rates to the nearest thousandth.Six-month $17,000 T-bill with discount rate 0.130%
A. (i) $17,011.05;
(ii) About 0.13%
B. (i) $16,998.90;
(ii) About 0.013%
C. (i) $16,988.95;
(ii) About 0.13%
D. (i) $16,986.74;
(ii) About 0.156%
Answer: C
You might also like to view...
Use a calculator to approximate the root to the nearest thousandth.
A. 0.11 B. 1.100 C. 0.001 D. 0.011
Solve.Linda invests $25,000 for one year. Part is invested at 5%, another part at 6%, and the rest at 8%. The total income from all 3 investments is $1600. The income from the 5% and 6% investments is the same as the income from the 8% investment. Find the amount invested at each rate.
A. At 5%: $10,000; at 6%: $5000; at 8%: $10,000 B. At 5%: $10,000; at 6%: $10,000; at 8%: $5000 C. At 5%: $8000; at 6%: $10,000; at 8%: $7000 D. At 5%: $5000; at 6%: $10,000; at 8%: $10,000
Express using positive exponents. Then simplify.4-3
A. 64
B. 
C. -64
D. 
Write the repeating decimal number as a fraction.1.52525252 . . .
A. 
B. 
C. 
D. 