Compute the specified quantity
1. Compute the specified quantity.
At auction, 9-month T-bills were sold at a discount of 7.425%. What was the simple annual yield r? HINT [See Example 5.] (Round your answer to three decimal places.)
r =  %
2. Compute the specified quantity.
At auction, 4-month T-bills were sold at a discount of 5.520%. What was the simple annual yield r? HINT [See Example 5.] (Round your answer to three decimal places.)
r =  %
8. The following chart shows the monthly figures for Apple Computer, Inc. stock in 2010.Ac€Â
Marked are the following points on the chart:
Calculate to the nearest 0.01% your annual percentage return r (on a simple interest basis) if you had bought Apple stock in February and sold in August.
r = Â
7. Compute the specified quantity.
Layaway plans allow you, for a fee, to pay for an item over a period of time and then receive the item when you finish paying for it. In November 2011, Senator Charles E. Schumer of New York warned that the holiday layaway programs recently reinstated by several popular retailers were, when you took the fees into account, charging interest at a rate significantly higher than the highest credit card rates.Ac€ Suppose that you bought a $84 item on November 15 on layaway, with the final payment due December 15, and that the retailer charged you a $4service fee. Thinking of the fee as interest, what simple interest rate r would you be paying for this layaway plan? (Round your answer to three decimal places.)
r =  %
Answers
Status NEW
Posted 23 May 2017 08:05 AM
My Price 10.00
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