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Assume the $15,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest. Note: Use calendar year. Round your answer to the nearest

image text in transcribed Assume the $15,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest. Note: Use calendar year. Round your answer to the nearest hundredth percent. Effective rate of interest=

Assume the $15,000 Treasury bill, 4% for 13 weeks. Calculate the effective rate of interest. Note: Use calendar year. Round your answer to the nearest hundredth percent. Answer is complete but not entirely correct

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