A banker's acceptance with a face value of $20,000 and 263 days to maturity has a discount
Fantastic news! We've Found the answer you've been seeking!
Question:
A banker's acceptance with a face value of $20,000 and 263 days to maturity has a discount yield of 3.83 percent. What is the current price of the security?
Your credit card has an annual percentage rate of 22.43 percent and compounds interest daily (use a 360 day year). What is the effective annual rate?
A credit card charges a daily rate of 0.04 percent compounded daily (360 day year). What is the APR for the credit card?
A treasury bill with a face value of 1,000,000 is has 298 days to maturity and is currently selling for $958,983.84. What is the discount yield on the stated treasury bill?
Related Book For
Posted Date: