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2- a) what is the purchase price of a 50-day Tbill with a maturity value of $1,796 that earns an annual interest rate of 2.767%
2-
a) what is the purchase price of a 50-day Tbill with a maturity value of $1,796 that earns an annual interest rate of 2.767% (assume a 360-day year)
b) if a loan of $1000 was repaid at the end of 6 months with a check for $1,015 what annual rate of interest was charged? (round to two decimal places as needed)
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2 Principles Of Financial And Managerial Accounting
Authors: Pollard, Sherry T. Mills, Walter T. Harrison Jr.
0136009891, 978-0136009894
