Question
Calculate the price (P) of the following Bill assuming that the yield is a simple interest rate: MATURITY VALUE: $76,000 PURCHASE PRICE: $______ TERM TO
Calculate the price (P) of the following Bill assuming that the yield is a simple interest rate:
| MATURITY VALUE: $76,000 |
| PURCHASE PRICE: $______ |
| TERM TO MATURITY: 100 days |
| YIELD TO MATURITY: 5.68% per annum |
Give your answer in dollars and cents to the nearest cent.
P = ?$
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Impact Investing Instruments Mechanisms And Actors
Authors: Wolfgang Spiess-Knafl Barbara Scheck
1st Edition
3319665553,3319665561
