What is the annualized investment rate% on a Treasury bill that you purchase for $8000 that will mature in 60 days for $9000

Cornerstones of Cost Management (Cornerstones Series)
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ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter19: Capital Investment
Section: Chapter Questions
Problem 23E: Assume that an investment of 100,000 produces a net cash flow of 60,000 per year for two years. The...
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11) What is the annualized investment rate% on a Treasury bill that you purchase for $8000 that will mature in 60 days for $9000

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