Solution-Find the purchase price of a 91-day treasury bill

Find the purchase price of a 91-day treasury bill

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Reference no: EM133151531

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Q1. Vishal deposited $ 100,000 in his bank for2 years at SI rate of 6%. What will be the final value of investment?

Q2. A sum of $ 46,875 was lent out at SI and at the end of 1year 8 months the total amount was $50,000. Find the rate percent per annum.

Q3. Find the purchase price of a 91-day treasury bill that matures at $5000 if the T-bill is sold to yield an annual interest rate of 4.5%.

Q4. Find the maturity value of an interest-bearing promissory note that matures in 160 days. The face value of the note is $1560, and the stated interest rate is 7%.

Q5. A secured line of credit:

a) is backed up by pledged assets

b) is not backed up by pledge assets

c) has a higher interest rate than an unsecured line of credit

d) has a lower limit than an unsecured line of credit

Q6. What is the due date of a $1300, five-month note with interest at 7% dated February 3, 2017?

Q7. A 91-day Canada T-bill with a face value of $10 000 yields an annual rate of return of 3.15%. If the T-bill was issued March 1, 2017, what is the maturity date?

Reference no: EM133151531

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Find the purchase price of a 91-day treasury bill

Reference no: EM133151531

Reference no: EM133151531

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