Subject

ZIP

Search

Business finance

Alex W.

asked • 04/22/22

What is the purchase price of a 40-week T-bill with a maturity value of $1002 that earns an annual interest rate of 8.4%?

More

1 Expert Answer

By:

Christopher S. answered • 04/25/22

Tutor

New to Wyzant

I have a engineering degree, and a current architect student.

See tutors like this

Deduct your interest rate of 8.4% from the Maturity value of the TBILL, which is 1,002$. This will give you the original Purchase price of the TBILL.

Upvote 0 Downvote

More

Still looking for help? Get the right answer, fast.

Ask a question for free

Get a free answer to a quick problem.
Most questions answered within 4 hours.

Find an Online Tutor Now

Choose an expert and meet online. No packages or subscriptions, pay only for the time you need.