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Category > Accounting Posted 16 May 2017 My Price 3.00

The Treasury Department auctioned $31 billion in 3-month bills

The Treasury Department auctioned $31 billion in 3-month bills in denominations of $10,000 at a discount rate of 6.000%.


What would be the effective rate of interest?
 
 

 

Answers

Alpha Geek
(8)
Status NEW Posted 16 May 2017 06:05 AM My Price 3.00

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Attachments

file 1494917702-1555662_1_636304412666856838_NOV.xlsx preview (3 words )
FV-----------PVE-----------ffe-----------cti-----------ve -----------rat-----------eNo-----------min-----------al -----------int-----------ere-----------st -----------
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