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An investment of $100 in 3-month Treasury Bills at the beginning of 1928 would have grown to $1,977.91 at the beginning of 2016. (Treasury Bills,
An investment of $100 in 3-month Treasury Bills at the beginning of 1928 would have grown to $1,977.91 at the beginning of 2016. (Treasury Bills, or T-Bills, are debt obligations backed by the U.S. government with maturities of one year or less.) What annual rate of return did 3-month Treasury Bills earn over this 88-year period?
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