Question
On the US Treasury website, the Treasury yield curve rates report that the 1-month T-bill rate is 2.54%. If you invest $1,000,000 in this T-bill,
On the US Treasury website, the Treasury yield curve rates report that the 1-month T-bill rate is 2.54%. If you invest $1,000,000 in this T-bill, how much will you have in 1 month? (Hint: First, calculate the actual rate you earn over 1 month)
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Personal Financial Planning
Authors: Lawrence J. Gitman, Michael D. Joehnk
11th Edition
0324422865, 978-0324422863
