Answer question 13 both a & b.. SImple interest rate of growth13. (a) To buy a Treasury bill (T-bill) that matures toof her money.$10,000 in 6 months, you must pay $9750. Whatannual 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 mwww.minch38-

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Answered: 13. (a) To buy a Treasury bill (T-bill)…

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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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?