21. N. Trest bought a $10,000 Treasury bill at a 2.38% discount for 13 weeks...

90.2K

Verified Solution

Question

Accounting

image
21. N. Trest bought a $10,000 Treasury bill at a 2.38% discount for 13 weeks ( 91 days). How much does N pay for the bond? $10,000 $9,940,66 56.640 .66 $9.770.08

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students