1. A 33-month $6000 treasury bill with discount rate 5.94% was sold in 2009. Find a. the price of the T- bill, and b. the actual interest rate paid by the Treasury.
a. The price of the T-bill is (Round to the nearest dollar as needed.) 

b. The actual interest rate paid by the Treasury is (rounded to the nearest tenth as needed.)

2. A student borrows $6000 at 5% for 3 months to pay tuition. Find the total amount due. 

3. A 8-month $2400 Treasury bill sold for $2256. What was the discount rate?