8. Treasury bill with a par value of $5000 sold at $4,750. After six month the discount of this treasury bill is 8.6% . Show your answer. TRUE/False :

College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
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Chapter1: Equations, Inequalities, And Mathematical Modeling
Section1.3: Modeling With Linear Equations
Problem 3ECP: Your family has annual loan payments equal to 28 of its annual income. During theyear, the loan...
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8. Treasury bill with a par value of $5000 sold at $4,750. After six month the discount of
this treasury bill is 8.6% , Show your answer.
TRUE/False :
Transcribed Image Text:8. Treasury bill with a par value of $5000 sold at $4,750. After six month the discount of this treasury bill is 8.6% , Show your answer. TRUE/False :
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