On February 19, 2018 Armita buys a $46,000 T-blll maturing on July 26, 2018. The simple interest rate is 8.250% and the daycount convention is ACT/360. What price does she pay? (Give your answer to 2 decimal places. Number only, no $ at the start!)
On February 19, 2018 Armita buys a $46,000 T-blll maturing on July 26, 2018. The simple interest rate is 8.250% and the daycount convention is ACT/360. What price does she pay? (Give your answer to 2 decimal places. Number only, no $ at the start!)
Advanced Engineering Mathematics
10th Edition
ISBN:9780470458365
Author:Erwin Kreyszig
Publisher:Erwin Kreyszig
Chapter2: Second-order Linear Odes
Section: Chapter Questions
Problem 1RQ
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Question
3. the math of interest. please indicate if you are unsure or totally sure about the answer

Transcribed Image Text:On February 19, 2018 Armita buys a $46,000 T-blll maturing on July 26, 2018. The simple interest rate is 8.250%
and the daycount convention is ACT/360. What price does she pay?
(Give your answer to 2 decimal places. Number only, no $ at the start!)
Answer:
Certainty OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 (Quite sure: >80%)
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