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Jennthejelly Jennthejelly
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3 weeks ago
Solve the problem.

An investor buys a $50,000 T-bill at a 5% discount for 39 weeks. Find the effective interest rate. (Assume 52 weeks per year.)

▸ 5.85%

▸ 3.90%

▸ 5.19%

▸ 8.75%
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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finley07finley07
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3 weeks ago
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