In October 2008, six-month (182-day) Treasury bills were issued at a discount of 1.42%. What was the annual yield? Assume 365 days in a year. (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)
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In October 2008, six-month (182-day) Treasury bills were issued at a discount of 1.42%. What was the annual yield? Assume 365 days in a year. (Do not round intermediate calculations. Enter your answer as a percent rounded to 3 decimal places.)
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- In January 2020, three-month (91 - day) Treasury bills were selling at a discount of 1.48 %. What was the annual yield? Assume 365 days in a year. Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.In real dollars, $500 on August 14, 2011 plus $1000 on August 14, 2016 is equivalent to $1705 on August 14, 2021. If the force of interest was 6%, find the annual effective rate of inflation. Answer to 4 decimal places, for example either 1.23% or 0.0123. b) James makes semi-annual deposits into an account earning 6% compounded semi-annually. The initial semi-annual deposit amount is $100 and each year the deposit amount increases by 1\%. That is the payments are: $100, $100, $101, $101, $102.01, $102.01, etc. Calculate the accumulated value in the account at the time of the 30th deposit. Answer to the nearest cent.Historically, Treasury bills offered higher rates. On January 2, 2007, the discount rates were substantially higher than in July 2016. For the following Treasury bill bought in 2007, find (a) the price of the Treasury bill (T-bill), and (b) the actual interest rate paid by the Treasury. Assume 365 days in a year. Three-month $24,000 T-bill with a simple annual discount rate of of 3.96% My Solutio (a) The price of the T-bill was S. (Round to the nearest cent as needed.) (b) The actual interest rate paid by the Treasury is %. (Type an integer or decimal rounded to four decimal places as needed.) ert My le thio quolo
- Historically, Treasury bills offered higher rates. On January 2, 2007, the discount rates were substantially higher than in July 2016. For the following Treasury bill bought in 2007, find (a) the price of the Treasury bill (T-bill), and (b) the actual interest rate paid by the Treasury. Assume 365 days in a year. Three-month $15,000 T-bill with a simple annual discount rate of of 3.12% (a) The price of the T-bill was $ (Round to the nearest cent as needed.) (b) The actual interest rate paid by the Treasury is%. (Type an integer or decimal rounded to four decimal places as needed.)Historically, Treasury bills offered higher rates. On January 2, 2007, the discount rates were substantially higher than in July 2016. For the following Treasury bill bought in 2007, find (a) the pric the Treasury bill (T-bill), and (b) the actual interest rate paid by the Treasury. Assume 365 days in a year. Six-month $17,500 T-bill with simple annual discount rate of 5.98% (a) The price of the T-bill was $ (Round to the nearest cent as needed.) (b) The actual interest rate paid by the Treasury is (Type an integer or decimal rounded to four decimal places as needed.)A bank quotes an interest rate of 10% pa with semi-annual compounding. Note that another way of stating this rate is that it is an annual percentage rate (APR) compounding every semi-annual.Which of the following statements about this rate is NOT correct? All percentages are given to 5 decimal places. a. Effective quarterly rate is 2.46951% per month. b. The annual percentage rate (APR) compounding every quarter is 8.79902%. c. Continuously compounded semi-annual rate is 4.87902% per quarter. d. Effective quarterly rate is 5.00000% per semi-annual. e. Continuously compounded annual rate is 9.75803% per half year.
- A 6-month $17,500 treasury bill with a simple annual discount rate of 0.48% was sold in 2016. Assume 365 days in a year. (a) Find the price of the treasury bill (T-bill). (b) Find the actual interest rate paid by the Treasury. (a) The price of the T-bill was $ (Round to the nearest cent as needed.) (b) The actual interest rate paid by the Treasury is %. (Type an integer or decimal rounded to four decimal places as needed.)On January 18, 2007, BusinessWeek reported yields on Treasury Bills. Bruce Martin purchased a $10,000 13 weekTreasury bill at $9,881.25. a) What is the interest amount? b) What is the effective rate of interest? (to the nearest hundredth of a percent)For the following treasury bill bought in 2007, find (a) the price of the T-bill, and (b) the actual interest rate paid by the Treasury. Nine-month $23,500 T-bill with discount rate of 5.53% (a) The price of the T-bill is $ (Round to the nearest dollar as needed.)
- A table of notes receivable for 2024 follows: E (Click the icon to view the table of notes receivable for 2024.) For each of the notes receivable, compute the amount of interest revenue earned during 2024. Round to the nearest dollar. (Ignore leaps years, and use a 365-day year for the notes with interest periods in days. Use a 12-month year for notes with interest periods in months.) Interest revenue earned during 2024 Note 1 Note 2 Note 3 Note 4 Data Table Principal Interest Rate Interest Period During 2024 Note 1 $ 60,000 8% 9 months Note 2 14,000 12% 180 days Note 3 22,000 5% 270 days Note 4 150,000 11% 3 months Print DoneA 6-month $6000 Treasury bill with discount rate 7.894% was sold in 2009. Find a. the price of the T-bill, and b. the actual interest rate paid by the Treasury. a. The price of the T-bill is $ (Round to the nearest dollar as needed.)A table of notes receivable for 2024 follows: E (Click the icon to view the table of notes receivable for 2024.) For each of the notes receivable, compute the amount of interest revenue earned during 2024. Round to the nearest dollar. (Ignore leaps years, and use a 365-day year for the notes with interest periods in days. Use a 12-month year for notes with interest periods in months.) Interest revenue earned during 2024 Data Table Note 1 Note 2 Note 3 Principal Interest Rate Interest Period During 2024 Note 4 Note 1 $ 50.000 11% 3 months Note 2 4,000 14% 180 days Note 3 24,000 6% 90 days Note 4 150,000 5% 9 months Print Done
