What is the effective interest rate of an 8% 13-week Treasury bill? Assume it is a $10,000 Treasury bill, and round your answer to the nearest hundredth percent.
A. 8.20%
B. 9.00%
C. 8.17%
D. 8.16%
Answer: D??
2 answers
Yes D!
Can you show the steps to figure this out?