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An investor purchases a T-bill with a face value of $2,500 for $2,445. If the term of the T-bill is 210 days, what is the
An investor purchases a T-bill with a face value of $2,500 for $2,445. If the term of the T-bill is 210 days, what is the annual simple interest rate (in percent) earned by the investor? Round to the nearest tenth of a percent. Use 360 days in 1 year.
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