Multiple Choice
Solve the problem. Round dollar amounts to the nearest cent. Use 360 days.
-What is the purchase price of a 26-week T-bill with a maturity value of $1000 that earns an annual interest rate of 5.25%?
A) $1000
B) $25.58
C) $974.42
D) $1025.58
Correct Answer:
Verified
Correct Answer:
Verified
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