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| Teaching Since: | May 2017 |
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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On January 18, 2007, BusinessWeek reported yields on Treasury bills. Bruce Martin purchased a $10,000 13-week Treasury bill at $9,881.25. (a) What was the amount of interest? (b) What was the effective rate of interest? Round to the nearest hundredth percent.
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