Question
The price of $150,000 face value commercial paper is $147,000. If the annualized investment rate is 5.75%, when will the paper mature? (Round your answer
The price of $150,000 face value commercial paper is $147,000. If the annualized investment rate is 5.75%, when will the paper mature? (Round your answer to whole days).
| 94 days | ||
| 130 days | ||
| 175 days | ||
| 70 days | ||
| 142 days |
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Economics For Investment Decision Makers
Authors: Sandeep Singh, Christopher D Piros, Jerald E Pinto
1st Edition
1118111966, 9781118111963
