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13. (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9750. What annual simple interest rate does this earn? (b) If the bank charges a fee of $40 to buy a T-bill, what is the actual interest rate you earn?

13. (a) To buy a Treasury bill (T-bill) that matures to $10,000 in 6 months, you must pay $9750. What annual simple interest rate does this earn? (b) If the bank charges a fee of $40 to buy a T-bill, what is the actual interest rate you earn?

Advanced Engineering Mathematics
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
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Answer question 13 both a & b..

 

SImple interest rate of growth 13. (a) To buy a Treasury bill (T-bill) that matures to of her money. $10,000 in 6 months, you must pay $9750. What annual simple interest rate does this earn? (b) If the bank charges a fee of $40 to buy a T-bill, what is the actual interest rate you earn? T-Mobile and the m www.m inch 38-
Transcribed Image Text:SImple interest rate of growth 13. (a) To buy a Treasury bill (T-bill) that matures to of her money. $10,000 in 6 months, you must pay $9750. What annual simple interest rate does this earn? (b) If the bank charges a fee of $40 to buy a T-bill, what is the actual interest rate you earn? T-Mobile and the m www.m inch 38-
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