Question about Simply Media Simply Money & Personal Finance & Investing for PC

1 Answer

Purchased $10,000 treasury bill for $9881.25 for 13 weeks. What is the amount of interest?

Posted by on

Ad

1 Answer

  • Level 3:

    An expert who has achieved level 3 by getting 1000 points

    All-Star:

    An expert that got 10 achievements.

    MVP:

    An expert that got 5 achievements.

    Guru:

    An expert who has written 7 tips or uploaded 3 video tips

  • Master
  • 1,051 Answers

T bills are purchase at a discount rate. In your case you paid $9,881.25 for a $10,000.00 bill. Your earnins is to difference between $9881 and 10,000 ($119). $119 is approx. .1% over 13 weeks.

Posted on Aug 19, 2010

Ad

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

2 Answers

Interest rate calculation method for fixed deposit?


Fixed deposit is a low-risk, assured return and stable investment which lets you earn interest on the lump sum amount. Most financial institutions and NBFCs offer interest rate starting from 8.40% to up to 8.75% depending on lender's terms and your application. You can earn tax-free interest income up to Rs. 10,000 on your fixed deposit.
Use the online FD calculator on lender's website to calculate income from fixed deposit. It is a fairly simple process. This is how you can do it.
· Choose your customer type such as new customer, existing customer, or senior citizen.
· Choose type of fixed deposit i.e., cumulative (where interest is payable at the time of maturity of the deposit) or non-cumulative (where interest is earned in intervals like quarterly, monthly, half-yearly and annually).
· Choose amount of fixed deposit
· Choose tenure of the deposit
The calculator will provide the value of interest amount and total amount earned at the time of maturity of the deposit.
If you are wondering what formula is used for calculation, look below.
This is A = P (1 + r/4/100) ^ (4*n) and A = P (1 + r/25)4n.
Here,
A = Maturity Amount
P = Deposit Amount
n = Compounded Interest Frequency

Jul 06, 2018 | Finance

1 Answer

I think I have been overcharged by a credit provider.


that happens when they keep adding interest monthly to a bill that is never paid in full ..fixya can not fix this .

May 15, 2018 | The Computers & Internet

2 Answers

Should I take out a student loan from a bank or a credit union?


You should shop for the best interest rate and pick the bank or credit union with the best rate. Oh, PLEASE be sure to get a degree in college in a field that has a HIGH rate of hiring students after graduation. Or you will just have the debt, the degree, and no job (or way of paying back the loan)
The interest rate on your loan is the percentage of the principal, or overall loan amount, that you'll have to pay back to the lender on top of the principal.
This is calculated many times over the life of your loan on the total amount you owe, including the interest and fees. That's why you won't owe only $10,600 after taking out a $10,000 loan with a 6% interest rate. According to this federal repayment estimator, you'll actually be on the hook for $13,332 on a standard 10-year payment plan. That's why even a slightly lower interest rate can save you a lot of money in the long run.

Apr 25, 2016 | Computers & Internet

1 Answer

How to Calculate NPV?


NPV stands for Net Present Value. Using this scientific calculator, you must utilize a formula to calculate net present value.

For example, if we want to find out what the net present value of $10,000 is using a 4% annual interest rate for 10 years. In other words, what amount do we have to invest today for 10 years assuming we get a 4% annual interest rate.

NPV=10,000(1+0.04)^-10

To do the exponent, use the ^ key.

Good luck.

Paul

Feb 26, 2016 | Texas Instruments Ti 30x Iis Scientific...

1 Answer

What issue year of dollar bill serial number a41305569a


Look for the date on the bill itself. Maybe near the signature of the Secretary of the Treasury.

Sep 07, 2013 | Office Equipment & Supplies

1 Answer

How do i change font size?


Hello and Greetings to you all. My name is Karlista Petrovic, the Marketing Manager of an International Loan and Investment company based in London, United Kingdom. We give small and large Loans to individuals and companies worldwide, our interest rate is 3% which is the lowest in the industry. We give secured and unsecured loan even if you have bad or poor credit. All you have to do is ask, we can help you in any way that you want whether you have collateral or not. We also sponsor or finance all kinds of Projects locally and internationally. So if you have any good project and you need an investor just inform us immediately so that we can discuss, sign agreement and then sponsor or fund the project for you. Our core interests includes the following: Loans, International Project Funding, Bank Guarantee, MTN's, Treasury Bills, SBLC, DLC, SLC, LC, Discounting of Bank Instruments Etc. Kindly contact us today for all your financial needs. Best Regards, Miss Karlista Petrovic (Marketing Manager) Email: [email protected] Skype: chelsea.loans Website: http://www.chelsealoans.webs.com/

Sep 23, 2011 | Gateway FPD1775W Monitor

1 Answer

QB Pro 07 - I entered an amount due in the Vendors Bills area some weeks back. The bill was &71.45. I paid the bill today and paid $77.45 ($6.00 more than the amount of the original bill due to there...


I would enter a bill for the $6.00. When you paid the original bill and added $6.00, QB simply thought you were overpaying and is probably carrying a $6 credit as a prepay.

Sep 11, 2009 | Intuit QuickBooks Pro 2007 Full Version...

4 Answers

I want the excel compound interest formula


=10000*(1+0.96)^12
=10000*(1+0.10)^18
=10000*(1+0.10)^24

Dec 02, 2008 | Microsoft Office Professional 2007 Full...

Not finding what you are looking for?
Simply Media Simply Money & Personal Finance & Investing for PC Logo

Related Topics:

214 people viewed this question

Ask a Question

Usually answered in minutes!

Top Simply Media Computers & Internet Experts

Ekse

Level 3 Expert

13434 Answers

Marvin
Marvin

Level 3 Expert

85223 Answers

Brad Brown

Level 3 Expert

18165 Answers

Are you a Simply Media Computer and Internet Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...