bills with 91 days period can be purchased at 995. What is the annualized discount rate? A• 5% B• 60%
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A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate?
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- A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? • 2% • 5% • 60% • 1.98%What is the annual rate of interest being charged on a 9-month note receivable of $54,000 if the total interest is $1,620? Multiple Choice O 4% 3% 6% 7%What is the annual rate of interest being charged on a 3-month note receivable of $51,000 if the total interest is $1,530? 22 Multiple Choice 3% O 6% 7% 12% J
- 49. Treasury Bill A three-month $7600 T-bill carries a discount of $80.75. What is the discount rate for this T-bill?A $10,000 credit supply has the following terms: trade terms are 5/5 net 50, interest rate 8%. What is the amount to pay if the buyer will take the discount and pay on the 5th day of the invoice? A. -14.234 B. -14,250 C. -14.260 D. -14,230Master Card and other credit card issuers must by law print the Annual Percentage Rate (APR) on their monthly statements. If the APR is stated to be 19.00%, with interest paid monthly, what is the card's EFF%? a.18.58% b. 19.52% с. 20.75% d. 21.94% e. 22.65%
- Give typing answer with explanation and conclusion You purchase a 188-day, $1000 U.S. Treasury bill at 0.36% discount. On the date of maturity, you will receive $1000. What is the actual rate of interest of the Treasury bill? Express the rate as a percent rounded to four decimal places.Select the correct answer and explain What is the discount to a promissory note with a face value of $ 27,350? Consider that it is negotiated with the 6.25% annual simple discount, five months before expiring. a. $ 701.25 b. $ 721.66 c. $ 680.00 d. $ 712.21The interest charged on a $392000 note payable, at the rate of 6%, on a 60-day note would be (Use 360 days for calculation.) $11760. $23520. $5880. $3920.
- A bank charges 11% simple discount on short term loans. Find the sum received by the borrower who request (i) GH¢900 for 90days, (ii) GH¢1500 from May 3 to October 15.Using ordinary interest, 360 days, calculate the bank discount (in $), proceeds (in $), and effective rate (as a %) for the simple discount note. Round dollars to the nearest cent and round effective rate to the nearest hundredth of a percent. Face Discount Term Bank Effective Proceeds Value Rate (%) (days) Discount Rate (%) $6,805 10.19 74 $ $ %If you sign a discount note for $2500 at a bank discount rate of 7% for 3 months what is the effective interest rate? 7.0%7.1%7.3%7.5%