How many months will money double

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Question: An investor purchased a 364 day $25,000,00 ?T-bill on its issue date for $ 24,288,49 After holding it for 278 days

she sold the? T-bill for a yield of 2.58 %.?(a) What was the original yield of the? T-bill??(b) For what price was the? T-bill sold??(c) What rate of return? (per annum) did the investor realize while holding this? T-bill?

d) In how many months will money double at 5% p a compounded monthly semi annually? state your answer in years and months from (0 to 11 months)

Reference no: EM133715932

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