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Face Value Interest Rate (%) $650 10. N Date of Note Term of Note (days) Maturity Date June 5 135 Select- 2 Maturity Value (in $) A Date of Discount Discount Discount Period (days) Rate (%) Sept. 2 14.5 $ Need Help? Read It Show My Work (Optional) ? Submit Answer DETAILS MY NOTES Proceeds (in $) PREVIOUS ANSWERS Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Ro percent. Face Value Discount Rate (%) Term (weeks) Interest $80,000 4.80 26 X 49 Purchase Price Effective Rate (%) x X%

Face Value Interest Rate (%) $650 10. N Date of Note Term of Note (days) Maturity Date June 5 135 Select- 2 Maturity Value (in $) A Date of Discount Discount Discount Period (days) Rate (%) Sept. 2 14.5 $ Need Help? Read It Show My Work (Optional) ? Submit Answer DETAILS MY NOTES Proceeds (in $) PREVIOUS ANSWERS Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Ro percent. Face Value Discount Rate (%) Term (weeks) Interest $80,000 4.80 26 X 49 Purchase Price Effective Rate (%) x X%

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Face Value Interest Rate (%) $650 10. N Date of Note Term of Note (days) Maturity Date June 5 135 Select- 2 Maturity Value (in $) A Date of Discount Discount Discount Period (days) Rate (%) Sept. 2 14.5 $ Need Help? Read It Show My Work (Optional) ? Submit Answer DETAILS MY NOTES Proceeds (in $) PREVIOUS ANSWERS Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Ro percent. Face Value Discount Rate (%) Term (weeks) Interest $80,000 4.80 26 X 49 Purchase Price Effective Rate (%) x X%
Transcribed Image Text:Face Value Interest Rate (%) $650 10. N Date of Note Term of Note (days) Maturity Date June 5 135 Select- 2 Maturity Value (in $) A Date of Discount Discount Discount Period (days) Rate (%) Sept. 2 14.5 $ Need Help? Read It Show My Work (Optional) ? Submit Answer DETAILS MY NOTES Proceeds (in $) PREVIOUS ANSWERS Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) purchase. Ro percent. Face Value Discount Rate (%) Term (weeks) Interest $80,000 4.80 26 X 49 Purchase Price Effective Rate (%) x X%
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