math

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Suppose you are looking to buy a \$5000 face value 26-week T-bill. If you want to
earn at least 1% interest, what is the most you should pay for the T-bill?

• math - ,

It will be worth \$5000 in 1/2 year. That is 1.005 times what it is worth now, assuming 1% annual interest. You should pay no more than X, where
1.005 X = 5000.
X = \$4975.12
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