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Home Q & A Board Other Fields Homework Help Business
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Anonymous Sukh Maan
wrote...
A year ago
You purchase a 182 day treasury bill for $240000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778% ? Select one:
* a. $ 238 320. 20
*b. $ 241 469. 24
*c.  $238 200. 20
*d. $238 220.20
*e. $238 100.20
Please tell me the right option and also description how do you find the answer means the method. This is question is from course called business mathematics.
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Replies
wrote...
#1
A year ago
This question has been asked before: https://biology-forums.com/index.php?topic=819943.0

 $ 241469.24 is correct.

Treasury bill   240000
Interest accrued till date   1,469.24
Sell value   2,41,469.24

Does that help?
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