Issue No. xxxx of T-Bills is available for sale at a discount of 6.22%. The face value of the bills is 75,000,000 and they mature in 90 days. What is the approximate price at which they would be sold?
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- 4. You are given the following information: A 183-day T-bill, face value $100, currently trading at a discount rate of 5% a) What is the price of the T-bill b) You sell the T-bill 10 days later. The T-bill discount rate is 4.5% c) What is the semi-annual compounded APR. Please answer with excel showing formulas.Kingbird, Inc. purchased merchandise with an invoice price of $3600 and credit terms of 3/12, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms? 40% 3% 6% 60%A $100,000 168-day T-bill is purchased for $99,004 on its issue date. What simple ate of interest will it yield the buyer if it is held until maturity? Express your answer as an annual percentage rounded to 2 decimal places but don't nclude the % sign. our Answer:
- (0) (0) 30: Pind (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, and (d) he effective rate of interest. T-BILLS: Nina Horn buys $50,000 T-bill at a 5.8% discount rate for 26 weeks. (P)You purchase a 182-day treasury bill for $240 000 at a rate of 3.546%. What did you sell it for 111 days before maturity if the new interest rate is 3.778%? a. $238 220.20 b. $238 320.20 c. $238 200.20 d. $238 100.20 e. $241 469.24Blossom Company purchased merchandise with an invoice price of $3400 and credit terms of 2/8, n/30. Assuming a 360-day year, what is the implied annual interest rate inherent in the credit terms?
- A $133500 loan is repaid by 20 payments of $6500 each at the begin of quarter, followed by 17 payments of $5800 each at the begin of quarter. What interest rate il is being charged ? Answer: 14.06%17. A $12,000 T-bill is purchased at a 4.05% discount rate for 40 weeks. Find (a) the purchase price of the T-bill, (b) the maturity value, (c) the interest earned, and (d) the effective rate of interest to the nearest hundredth of a percent.An item for 10,000, subject to a trade discount of 25%, is paid for within the discount period on terms 2/10, n/30. What is the amount of payment? P10,000 P7,500 P7,400 P7,350
- A. DEF has total forecasted gross purchases of P4,500,000 relating to a major supplier for the coming year. The supplier is offering a credit term of 3/15, n/45. How much is the simple annual effective cost of paying on the 45th day? B. ABC can take a 45-day loan with a 15% interest deducted in advance, to be reapplied each time. How much is the simple annual cost of the loan?A car dealer advertises the sale of a car model for a cash price of P880,000.00. If purchased on installment, the required down payment is 35% and balance payable in 18 equal monthly installments at an interest rate of 1.5% per month. How much will be the required monthly payments? O a P36,496.91 O b. P36,946.91 Oc P63,496.91 Od P36.469.91A 1,000 Treasury bills with 91 days period can be purchased at 995. What is the annualized discount rate? A• 5% B• 60% C• 2% D• 1.98%