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Debra paid $24,896 for a $25,000 T-bill with 30 days remaining until maturity. What (annual) rate of interest will she earn? (Do not round intermediate
Debra paid $24,896 for a $25,000 T-bill with 30 days remaining until maturity. What (annual) rate of interest will she earn? (Do not round intermediate calculations and round your final answer to 3 decimal places.) 
Debra paid $24.896 for a $25,000 T-bill with 30 days remaining until maturity. What (annual) rate of interest will she earn? (Do not round intermediate calculations and round your final answer to 3 decimal places.) Annual rate 1 % Step by Step Solution
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Financial & Managerial Accounting, 1, 2 Terms (12 Months)
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
14th Edition
133727075X, 9781337270755
