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vaieri [72.5K]
3 years ago
10

A T-bill quote sheet has 90-day T-bill quotes with a 5.77 ask and a 5.71 bid. If the bill has a $10,000 face value, an investor

could sell this bill for _____.
a. $9,857.25
b. $9,855.75
c. $9,859.21
d. $10,000
Business
1 answer:
Leona [35]3 years ago
6 0

Answer:

a. $9,857.25

Explanation:

Price = Face value * (1 - Bid*Days/360)

Price = $10,000 * (1 - 5.71%*90/360)

Price = $10,000 * (1 - 5.71%*0.25)

Price = $10,000 * (1 - 0.014275)

Price = $10,000 * 0.985725

Price = $9,857.25

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Summarize how compound interest helps you to accumulate savings even faster.
yulyashka [42]

Answer:

The magic of compound interest happens in a way  that the more you put in, the faster your money grows.

Explanation:

The magic of compound interest happens in a way  that the more you put in, the faster your money grows. The interest you earn on the amount you save also earns interest and this snowballing effect makes you accumulate your savings even faster. For example, if you deposit $100 in a savings account that pays 5% interest per year. At the end of the year, you account will have (5%*100= 5) plus the $100 you deposited, coming to a total of $105. At the end of the second year, your $5 interest earned in year 1 will earn another 5% interest and so will the $100 you initially deposited.

4 0
3 years ago
The following information is available for the pension plan of Concord Company for the year 2020.
anzhelika [568]

Answer:

$93,900

Explanation:

Computation for pension expense for the year 2020.

PENSION EXPENSE

Service cost $54,700

Interest cost $45,200

($452,000 * 0.10)

Less Actual return ($13,800)

Amortization of PSC $7,800

Pension expense $93,900

Therefore the pension expense for the year 2020 is $93,900

4 0
2 years ago
Please help ASAP and DO NOT USE LINKS IN ANSWER THEY DO NOT WORK. 25pts
natali 33 [55]

Answer:

Tell Me About Yourself.

How Did You Hear About This Position?

Why Do You Want to Work at This Company?

Why Do You Want This Job?

Why Should We Hire You?

What Can You Bring to the Company?

What Are Your Greatest Strengths?

What Do You Consider to Be Your Weaknesses?

yes

because they are getting to know you and want to know what you would do as a worker. like when they ask : Why Should We Hire You, What Are Your Greatest Strengths, What Do You Consider to Be Your Weaknesses?

Explanation:

6 0
2 years ago
Read 2 more answers
HURRY !! The information given to you by your teachers is always accurate and should never be questioned.
nevsk [136]

Answer:

Fasle

Explanation:

No one is perfect

5 0
2 years ago
The following information are available about the economy, where all figures are in million dollars: Full employment = $2,000, C
Softa [21]

Answer:

C.

Explanation:

HOPE ITS HELP YOU

THANKSSS

4 0
2 years ago
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