Jackvill Jackvill
  • 31-08-2016
  • Mathematics
contestada

what would be the purchase price for a $5,000 91-day t-bill paying 3% interest

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anonymoussloth
anonymoussloth anonymoussloth
  • 31-08-2016
If he put on doen payment then he would be paying $5,150 because 3% of $5,000 is $150

$5,150 <---- Answer 
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epicpeplayer
epicpeplayer epicpeplayer
  • 31-08-2016
5,150 is the answer.
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