Calculate the interest (in $), purchase price (in $), and effective interest rate (as a %) of the Treasury bill (T-bill) Face Value Discount Term Rate (%) (weeks) Interest Purchase Price Effective Rate (%) $60,000 4.60 26 % Need Help? Read it Show My Work (Optional) DETAILS BRECMBC9 11.1.004. Find the total number of compounding periods and the interest rate per period for the investment. Term of Investment Nominal (Annual) Rate (%) Interest Compounded Compounding Periods Rate per Period (%) 7 years 3 monthly %