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You bought a $10,000 T-bill (a DISCOUNT paper) maturing in 61 days at an interest rate of 2%. How much did you pay for the
You bought a $10,000 T-bill (a DISCOUNT paper) maturing in 61 days at an interest rate of 2%. How much did you pay for the T-bill? Please, express your answer in dollars and cents but omit the $ sign. Please express you work in terms of a financial calulator.
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