Rodney invested his savings by purchasing a 364-day T-bill that had a face value of $20,000 and
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Rodney invested his savings by purchasing a 364-day T-bill that had a face value of $20,000 and an interest rate of 5.75% p.a. Calculate the amount that he paid for this T-bill.
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Related Book For
Mathematics Of Business And Finance
ISBN: 9781927737545
4th Edition
Authors: Larry Daisley, Thambyrajah Kugathasan, Diane Huysmans
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