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On February 3, 2021 Biyu buys a $28,000 T-blll maturing on July 13, 2021. The simple interest rate is 6.000% and the daycount convention is ACT/360. How much interest has she earned after 1 day? (Give your answer to 5 decimal places. Number only, no $ at the start!) Answer: Certainty OC=1 (Unsure: <67%) OC=2 (Mid: > 67%) OC=3 ( Quite sure: >80%)

On February 3, 2021 Biyu buys a $28,000 T-blll maturing on July 13, 2021. The simple interest rate is 6.000% and the daycount convention is ACT/360. How much interest has she earned after 1 day? (Give your answer to 5 decimal places. Number only, no $ at the start!) Answer: Certainty OC=1 (Unsure: <67%) OC=2 (Mid: > 67%) OC=3 ( Quite sure: >80%)

Advanced Engineering Mathematics
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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q2.1 the math of interest. please indicate if you are unsure or totally sure about the answer

On February 3, 2021 Biyu buys a $28,000 T-blll maturing on July 13, 2021. The simple interest rate is 6.000% and the daycount convention is ACT/360. How much interest has she earned after 1 day? (Give your answer to 5 decimal places. Number only, no $ at the start!) Answer: Certainty: OC=1 (Unsure: <67%) OC=2 (Mid: >67%) OC=3 ( Quite sure: >80%)
Transcribed Image Text:On February 3, 2021 Biyu buys a $28,000 T-blll maturing on July 13, 2021. The simple interest rate is 6.000% and the daycount convention is ACT/360. How much interest has she earned after 1 day? (Give your answer to 5 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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