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
25,350,512 questions answered
Popular Conversations
8!
Weegy: hello what is your question? User: 0!=0 Weegy: The answer is zero. The property is identity property of ...
5/26/2016 2:58:30 PM| 2 Answers
Weegy Stuff
S
Points 682 [Total 682] Ratings 10 Comments 562 Invitations 2 Offline
S
Points 679 [Total 679] Ratings 13 Comments 549 Invitations 0 Offline
S
Points 602 [Total 602] Ratings 0 Comments 602 Invitations 0 Offline
S
1
L
L
P
R
P
L
P
P
R
Points 291 [Total 12543] Ratings 2 Comments 271 Invitations 0 Online
S
L
P
P
P
Points 166 [Total 3543] Ratings 0 Comments 166 Invitations 0 Offline
S
Points 38 [Total 107] Ratings 0 Comments 38 Invitations 0 Offline
S
Points 12 [Total 12] Ratings 1 Comments 2 Invitations 0 Offline
S
Points 10 [Total 10] Ratings 1 Comments 0 Invitations 0 Offline
S
Points 4 [Total 4] Ratings 0 Comments 4 Invitations 0 Offline
S
Points 3 [Total 3] Ratings 0 Comments 3 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.