(c)The discount rate on this week's Government of Ghana 182-day treasury bills is quoted as 19.5521% If you buy 182-day bills with a face value of GHS10,000, how much would you pay for them? How much would you earn in interest over the holding period? [Express your answer as a percentage] Express the interest you would earn
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(c)The discount rate on this week's Government of Ghana 182-day treasury bills is quoted as 19.5521%
If you buy 182-day bills with a face value of GHS10,000, how much would you pay for them?
How much would you earn in interest over the holding period? [Express your answer as a percentage]
Express the interest you would earn
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- a Assuming you bought a 182-day Treasury Bill with a face value GH¢20,000.00 and held it for 45 days. If you want to sell it and interest rate is currently at 25%, at what price will you sell it?What would be your annualized discount rate% on the purchase of a 170-day Treasury bill for $4700 that pays $4800 at maturity?Use a bankers year: 360 T-bills (Treasury bills) are one of the instruments the U.S. Treasury Department uses to finance public debt. If you buy a 200-day T-bill with a maturity value of $17,750 for $17,564.46, what annual simple interest rate will you earn? Express your answer as a percentage.
- If you purchase $27,000 in U.S. Treasury Bills with a discount rate of 4.2% for a period of 26 weeks, what is the effective interest rate? Round to the nearest hundredth percent. Step 1 The effective interest rate on a U.S. Treasury Bill, or T-Bill, is the actual interest rate on a loan to the government and takes into account the fact that the purchaser does not pay the full amount of the T-Bill. It is calculated using the interest, purchase price, and time. The amount of interest on a T-Bill is calculated as follows where the discount rate is given as a decimal and the time will be a fraction whose numerator is the given amount of time in weeks and denominator is 52 weeks. interest = face value ✕ discount rate ✕ time The rate was given to be 4.2%. As a decimal, we have 4.2% = . Calculate the interest (in $) for a $27,000 T-Bill with a discount of 4.2% for 26 weeks. interest = face value ✕ discount rate ✕ time in weeks 52 weeks = $27,000 ✕ ✕ 26…Treasure bills (T-bills) are used by the U.S. Treasury Department to finance the public debt. Suppose a 180-day T-bill with a maturity value of $10,000 is purchased for $9,885.56. What annual simple interest rate is earned on this T-bill? (Answer as a percentage rounded to three decimal places.) I = PRT, A = P+I(6) Suppose you are paying GHS 51.88 per week for 14 years to repay a GH¢18,000 loan. What is the annual effective interest rate.
- Assume that time today is Dec. 13, 2022. Determine what is being asked in each problem.1. Determine the value of ₱10,000 on July 12, 2022 assuming ordinary simple interest at 5.14% per annum.2. Determine the value of ₱20,000 on May 14, 2023 assuming simple discount of 4.96% per annum and using the Banker's Rule. 3. How much is the value of ₱40,000 on April 13, 2024 if money is worth 7 1/5% effective per year?Suppose you have a Visa credit card and pay a 20 percent annual finance charge (1.67 percent per month) on the amount that you owe. Your previous balance is $6,000 and you pay $2,000 on the 15th day of a 30-day period. According to the average daily balance method of computing finance charges, the interest that you owe equals approximately $84 $52 O $78 O $67You plan to apply for a loan from Bank of Kuala Lumpur. The nominal annual interest rate for this loan is 12.66 percent, compounded daily (with a 365-day year). What is the effective annual rate or EAR (annual percentage yield) of this loan? Round your answer to two decimal places in percentage form. Select one: A. 15.00% B. 13.00% C. 13.49% D. 12.66%
- 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.a. A one-year treasury bill with a face value of $1 million has a nominal interest rate of 0031% if its purchase price is $985,000 and a nominal interest rate of % if its purchase price is $970,000. Enter your responses rounded to 1 decimal place. b. To raise the nominal interest rate on treasury bills the Bank of Canada can adjust supply in its auction of bills through a(n) increase in how many bills it sells at the auction. c. To raise the nominal interest rate on treasury bills the Bank of Canada can also adjust its own purchases in the auction of treasury bills through a(n) [decrease in how many bills it buys at the auction.Since you bought the treasury bills with a nominal value of 1.000 TL for 867 lira with 280 days to maturity, what is the annual interest rate for these treasury bills? (1 year 365take in days)