Short Answer
The purchaser of a 168-day T-bill with a face value of $100,000 paid $98,929.92 for it. She then sold the T-bill to a client at a rate of interest of 2% simple interest. What profit did she realize on the sale?
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q47: A contract requires payments of $750 in
Q48: On January 20, Derek signed a contract
Q49: A 90-day promissory note dated June 30
Q50: Calculate missing value for the promissory note:<br><img
Q51: Commercial Paper with a face value of
Q53: Claude Scales, a commercial fisherman, bought a
Q54: Calculate the price of a $50,000, 91-day
Q55: Ada had $12,500 in student loans. On
Q56: Determine the issue price of a 91-day,
Q57: Calculate missing value for the promissory note:<br><img