Question and answer
A 8% 13 week Treasury Bill would have an effective interest rate of (to the nearest hundredth percent) Assume it is a $10,000 Treasury Bill.
13.86 - convert fraction to decimal or mixed decimals and round to nearest hundredth 13 6/7
Expert answered|kashton|Points 703|
Question
Asked 9/24/2012 2:28:57 PM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
Questions asked by the same visitor
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to retire comfortably. To date, he has set aside no retirement money. If he gets an interest of 6 percent compounded annually,how much will he have to invest today
Weegy: Here, A = $400,000; P = unknown; r = 6% = 0.06; n = 1 (annual compounding means one compounding period per year); t = 25 (number of years between Burton's age and 80). So, we can write $400,000 = P(1 + 0.06/1)^(1·25), [ or $400,000 = P(1.06)^25 = 4.29187·P. Divide both sides by 4.29187 to get P: P = $400,000/4.29187 = $93,199, which rounds up to $93,200 ] (More)
Question
Expert Answered
Asked 9/24/2012 6:09:40 PM
0 Answers/Comments
Burton Bush wants to retire in Arizona when he is 80 years of age. Burton, who is now 55, believes he will need $400,000 to retire comfortably. To date, he has set aside no retirement money. If he gets an interest of 6 percent compounded annually, he will have to invest today: (Use the tables in the handbook)
Weegy: Here, A = $400,000; P = unknown; r = 6% = 0.06; n = 1 (annual compounding means one compounding period per year); t = 25 (number of years between Burton's age and 80). So, we can write $400,000 = P(1 + 0.06/1)^(1·25), [ or $400,000 = P(1.06)^25 = 4.29187·P. Divide both sides by 4.29187 to get P: P = $400,000/4.29187 = $93,199, which rounds up to $93,200 ] (More)
Question
Expert Answered
Asked 9/24/2012 6:11:10 PM
0 Answers/Comments
21,082,106 questions answered
Popular Conversations
What is the middle term of the product of (x - 4)(x - 3)? User: ...
Weegy: b.(p + 2)(p + 16) to check: p*p + (2p + 16p) + (2 * 16) = p^2 + 18p + 32 so the answer is b.(p + 2)(p + 16) ...
5/26/2015 1:22:27 PM| 3 Answers
Give the next two numbers in this pattern: 0, 0.75, 1.5, 2.25, ... ...
Weegy: 0.6/0.75 = 0.8 User: Find the direct variation equation which passes through (0, 0) and (4, 1). A. y = 4x ...
5/26/2015 12:36:07 AM| 2 Answers
Factor a 2 bc + ab 2 c + abc 2. User: Factor x 4 y 2 + x 3 y 3 ...
Weegy: (a)5k^2(1 - 7k) is the answer. 5k^2(1 - 7k) = 5k^2 - 35k^3 User: Factor -4d 3 + 28d 2 - 4d. Weegy: -4d^3 + ...
5/26/2015 9:26:33 AM| 2 Answers
Evaluate f-2g for f = 4 and g = 32. 2 8 User: Write 6,000,370 in ...
Weegy: y*9 User: (b2)3 Weegy: the bond order of b2 is 1, one bond order = 1/2 (#e- in bonding MO's - #e- in ...
5/26/2015 10:14:55 AM| 2 Answers
What is the solution set of the given equation? 4y - 6y + 9y = -2
Weegy: 4y - 6y + 9y = -2 -2y + 9y = -2 7y = -2 y = -2/7 User: Solve for x. 5x - 6 = 4x + 8 Weegy: ...
5/26/2015 12:20:50 PM| 2 Answers
If x is "the number," which of the following equations could be used ...
Weegy: -2 User: Three multiplied by the sum of 4 and a number is the same as 18 more than the number. Find the ...
5/26/2015 12:35:21 PM| 2 Answers
A major characteristic of monopolistic competition is that prices ...
Weegy: A. higher than in perfect competition. User: A minimum price, set by the government, that must be paid for a ...
5/26/2015 12:56:40 PM| 2 Answers
(2x – 1)(x + 7) = 0
Weegy: (2x + 1)(x + 7) = 0; 2x + 1 = 0; 2x = -1; x = -1/2; x + 7 = 0; x = -7; x = -1/2 or x = -7 User: x^2 ...
5/26/2015 4:37:35 PM| 2 Answers
Weegy Stuff
S
Points 742 [Total 750]| Ratings 1| Comments 732| Invitations 0|Offline
S
L
Points 706 [Total 1236]| Ratings 2| Comments 686| Invitations 0|Offline
S
1
Points 560 [Total 952]| Ratings 3| Comments 530| Invitations 0|Online
S
L
P
Points 426 [Total 2903]| Ratings 1| Comments 416| Invitations 0|Online
S
P
C
L
P
L
1
P
P
1
P
1
Points 248 [Total 8994]| Ratings 0| Comments 248| Invitations 0|Offline
S
Points 147 [Total 167]| Ratings 0| Comments 147| Invitations 0|Offline
S
1
L
L
Points 84 [Total 8267]| Ratings 0| Comments 84| Invitations 0|Offline
S
L
Points 56 [Total 3810]| Ratings 2| Comments 36| Invitations 0|Offline
S
L
1
R
Points 52 [Total 1339]| Ratings 0| Comments 52| Invitations 0|Offline
S
Points 20 [Total 20]| Ratings 2| Comments 0| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2015 Purple Inc.