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What is the least amount xian must invest

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Xian owes $10000 to the university for tuition. The annual simple interest rate is 4% and the daycount convention is ACT/365.

a) What is the least amount Xian must invest on Juanuary 1, 2020 to have enough money on Sept 5, 2020? (to 2 decimals)

Answer the next four in whatever order makes the most sense to you!

b) How much would a $1,000 T-bill maturing on Sept 5, 2020 cost on January 1, 2020? (to 2 decimals)

c) What is the simple discount rate? (to 4 decimals; if your answer is 1.234%, type 1.2345 not 0.01234)

d) What is the simple discount factor? (to 5 decimals)

e) How many T-bills should Xian buy? (exact)

Reference no: EM132531031

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