An investment dealer acquired a $25,000.00, 182-day Government of Canada treasury bill on its date of issue at a price of $24,660.62. What is the annual rate of return? The rate of return is% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
An investment dealer acquired a $25,000.00, 182-day Government of Canada treasury bill on its date of issue at a price of $24,660.62. What is the annual rate of return? The rate of return is% (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)
Chapter2: Solving Linear Equations
Section2.2: Use A Problem Solving Strategy
Problem 2.53TI: Eduardo noticed that his new car loan papers stated that with a 7.5% simple interest rate, he would...
Related questions
Question
Transcribed Image Text:An investment dealer acquired a $25,000.00, 182-day Government of Canada treasury bill on its date of issue at a
price of $24,660.62. What is the annual rate of return?
The rate of return is%.
(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places
as needed.)
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you