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knoeller33 knoeller33
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2 weeks ago
Solve the problem.

Thomas McGovern buys a $50,000 T-bill at a 6.5% discount for 26 weeks. Find the effective interest rate. (Assume 52 weeks per year.)

▸ 9.75%

▸ 5.04%

▸ 3.36%

▸ 6.72%
Textbook 
Business Mathematics

Business Mathematics


Edition: 15th
Authors:
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schoolkidchuckschoolkidchuck
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2 weeks ago
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knoeller33 Author
wrote...

2 weeks ago
Good timing, thanks!
wrote...

Yesterday
Thanks for your help!!
wrote...

2 hours ago
Thank you, thank you, thank you!
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