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Sean M.

asked • 10/17/20

What annual interest rate is earned by a 14​-week ​T-bill with a maturity value of ​$2,000 that sells for ​$1,972.81​?

What annual interest rate is earned by a 14​-week ​T-bill with a maturity value of ​$2,000 that sells for ​$1,972.81​?


The annual interest rate is ___%

​(Type an integer or decimal rounded to three decimal places as​ needed.)

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