Multiple Choice
Solve the problem.
-Jerry Jones buys a $120,000 T-bill at a 5.8% discount for 30 weeks. Find the interest earned on the T-bill. (Assume 52 weeks per year.)
A) $4,416.92
B) $2,007.69
C) $4,015.38
D) $8,030.77
Correct Answer:
Verified
Correct Answer:
Verified
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