Multiple Choice
Solve the problem.
-Jane Johnson buys a $30,000 T-bill at a 5.5% discount for 26 weeks. Find the purchase price of the T-bill. (Assume 52 weeks per year.)
A) $29,175.00
B) $28,350.00
C) $29,587.50
D) $29,092.50
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q21: Find the discount period.<br>-Loan made: Aug 17<br>Length
Q22: Find the discount period.<br>-Loan made: April 22<br>Length
Q23: Solve the problem. Round dollar amounts to
Q24: Find the principal. Round to the nearest
Q25: Find the interest and maturity value for
Q27: Find the maturity value of the simple
Q28: Solve the problem. Round rates to the
Q29: Find the date due and the maturity
Q30: Answer the question.<br>-What is a simple discount
Q31: Solve the problem. Round dollar amounts to