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4. Calculate the effective rate of interest (to the nearest hundredth percent) of the following Treasury bills: Amount of T Bill Interest Time Period Effective

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4. Calculate the effective rate of interest (to the nearest hundredth percent) of the following Treasury bills: Amount of T Bill Interest Time Period Effective Rate of Interest Rate a. $10,000 4% 13 weeks b. $5,000 3% 13 weeks C. $10,000 4% 26 weeks d. $5,000 3% 26 weeks

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