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babunello [35]
3 years ago
15

Assume the $12,000 Treasury bill, 3% for 13 weeks. Calculate the effective rate of interest

Mathematics
1 answer:
Andreas93 [3]3 years ago
6 0
Equation is f(x)=12,000(1.03)^13
the answer would be $17,622
if you were to plug into a scientific calculator
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