y2amyg1dcountaish y2amyg1dcountaish

14-09-2016
Business

contestada

What would be the purchase price for a $5,000, 91-day T-bill paying 3% interest?

Respuesta :

andriansp andriansp

20-09-2016

well, you just need to find it using this formula :

5,000 x [100 % - (3% x 91/365)]

= 5,000 x [ 100 % - 0.007479]

= 5,000 x 99.992521

= $ 4,962.50 >>> rounded

Hope this help

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melissacooney74 melissacooney74

26-10-2019

Answer:

Exp5000000lanation:

Answer Link

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