How much will a U.S. Treasury bill (T-bill) be worth after 6 months if it was bought for $4,000 and earns 3.7% simple interest?
How much will a U.S. Treasury bill (T-bill) be worth after 6 months if it was bought for $4,000 and earns 3.7% simple interest?
Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 7ECP
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How much will a U.S. Treasury bill (T-bill) be worth after 6 months if it was bought for $4,000 and earns 3.7% simple interest? Round your answer to two decimal places if rounding is necessary. There is a $ sign next to the answer box, so do not type a $ in your answer.
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