What is the effective rate on a $10,000 treasury bill 4% for 13 weeks?
Answers
Final answer:
The effective rate on a $10,000 treasury bill with a nominal rate of 4% for 13 weeks is 4.06%.
Explanation:
The effective rate on a treasury bill is the annualized interest rate that takes into account the compounding of interest over the term of the bill. To calculate the effective rate, you can use the formula:
[tex]Effective Rate = (1 + (Nominal Rate / M))^M - 1[/tex]
Where:
Effective Rate is the annualized interest rateNominal Rate is the stated interest rate (4% in this case)M is the number of compounding periods in one year (for a treasury bill, usually 4 as it is a 13-week bill)Plugging in the values:
Effective Rate = [tex](1 + (0.04 / 4))^4[/tex]- 1
= [tex](1 + 0.01)^4 - 1[/tex]
= [tex]1.01^4 - 1[/tex]
= 1.04060401 - 1
= 0.04060401 (or 4.06% rounded to two decimal places)
Therefore, the effective rate on a $10,000 treasury bill with a nominal rate of 4% for 13 weeks is 4.06%.
Related Questions
PLZ HURRY!!!
A line passes through the points (6,5) and (2,2) . Select all that describe this line.
1. y − 5 = 3/4 (x − 6)
2. y − 5 = −4/3 (x − 2)
3. y − 2 = −3/4 (x − 6)
4. y − 2 = 3/4 (x − 2)
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Which fraction shows 2.8 as the quotient of two integers?
14/5
12/5
9/4
9/2
Answers
Answer:14/5 is the correct answer, just took test
Step-by-step explanation:
A package of 10 cans of soup costs $14. An individual can costs $2. You need at least 25 cans. Find You decide to buy 3 packages of 10 cans. How much do you pay for each can?the price of each combination of items.You decide to buy 3 packages of 10 cans. How much do you pay for each can?
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To find the cost per can when buying 3 packages of cans, multiply the cost of a single package by 3 to get the total cost, then divide the total cost by the total number of cans to find the cost per can.
To find the cost per can when buying 3 packages of 10 cans each:
Cost of 1 package with 10 cans = $14Cost of 3 packages = 3 x $14 = $42Number of cans = 3 packages x 10 cans per package = 30 cansCost per can = Total cost / Number of cans = $42 / 30 cans = $1.40TIMMY and JEROD are eating cupcakes if they each can eat 2 cupcakes in 3 minutes how long will it take them to eat 18 cupcakes?
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The distance from Talamunda to Velcratia is 700 miles. The train takes 5 hours to travel the distance. At what unit rate is the train traveling?
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Answer: 140 miles per hour
Step-by-step explanation:
Solve for 10 - 6x - 9x^2 = -9x10−6x−9x 2 =−9x
Answers
x = (1 ±√41)/6 is the correct answer.
To solve the equation 10 - 6x - 9x^2 = -9x, we'll use the quadratic formula. The solutions for x are (3 + √369)/18 and (3 - √369)/18.
Explanation:To solve the equation 10 - 6x - 9x2 = -9x, we'll start by bringing all the terms to one side of the equation to set it equal to zero. Rearranging the equation, we get 9x2 - 3x - 10 = 0. We can then use factoring, the quadratic formula, or completing the square to solve for x. In this case, let's use the quadratic formula.
The quadratic formula states:
x = (-b ± √(b2 - 4ac))/(2a)
Using the values from our equation, we have:
x = (-(-3) ± √((-3)2 - 4(9)(-10)))/(2(9))
Simplifying further, we have:
x = (3 ± √(9 + 360))/18
x = (3 ± √369)/18
Therefore, the solutions for x are:
x = (3 + √369)/18
x = (3 - √369)/18
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kelly puts $350 in a savings account. The savings account accrues interest at a flat rate of 1.05% a month. How much will it count be worth in 7 months?
Answers
now, if we nevermind "t" as years and just use it as an interest cycle, then we can say the rate is 1.05% and the period is 7 cycles.
[tex]\bf \qquad \textit{Simple Interest Earned Amount}\\\\ A=P(1+rt)\qquad \begin{cases} A=\textit{accumulated amount}\\ P=\textit{original amount deposited}\to& \$350\\ r=rate\to 1.05\%\to \frac{1.05}{100}\to &0.0105\\ t=cycles \to 7 \end{cases} \\\\\\ A=350(1+0.0105\cdot 7)[/tex]
The "a" will represent your initial value, the value that you are already given in the problem, in this case, it is $350. The "b" will be your growth/decay factor, in this case is 1.05%. However, it cannot stay a percent, but must be changed into a decimal. For this factor in particular, since there's a decimal already included, you'd move the decimal two places to the left, giving you 0.0105.
Since the factor is more than 1, you'd add the decimal by one, giving you 1.0105. Now, the "x" represents the amount of time. In this case, it would be 7 months. Let's set up the equation:
y = 350(1.0105)^7 = 376.5 (377 if rounded). In 7 months, Kelly will have $376.5.
What is the third term of the sequence defined by the recursive rule f(1)=2, f(n)=2f(n-1) +1
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Name the triangle with the following characteristics. Sides: 5 cm, 5 cm, 7 cm.
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Answer:
Isosceles triangle.
Step-by-step explanation:
A triangle has been given in this question with the sides 5 cm, 5 cm, 7 cm.
As per definition of the triangle if two sides are equal then opposite angles of these corresponding sides will be equal.
More than this if two sides of a triangle are equal then the triangle is called as isosceles triangle.
Therefore the given triangle with the equal sides 5 cm, 5 cm will be the isosceles triangle.
A laptop computer is purchased for $1300. After each year, the resale value decreases by 35%. What will the resale value be after 3 years?
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The fifth term of a geometric sequence is 781.25. Each previous term is 1/5 of the value of the current term. Which recursive formula represents the situation?
Answers
Answer:
[tex]a_n=5a_{n-1}[/tex]
Step-by-step explanation:
Given fifth term of a geometric sequence is 781.25.
[tex]a_5= 781.25[/tex].
Also, each previous term is 1/5 of the value of the current term.
Therefore, common ratio would be 5.
But we just need to find the recursive formula .
Recursive formula of a geometric sequence is given by
[tex]a_n=ra_{n-1}[/tex]
Plugging value of r in above formula, we get
[tex]a_n=5a_{n-1}[/tex]
Therefore, recursive formula would be [tex]a_n=5a_{n-1}[/tex] represents the situation.Answer: c
Step-by-step explanation:
buddy beneath me is blabbin to much
Karl rides his bicycle 120 feet in 10 seconds. How many feet does he ride in 1 minute
Answers
A minute is 6 times as long as 10 seconds, so we expect Karl will ride 6 times as far.
[tex]\dfrac{120\,ft}{10\,s}=\dfrac{120\,ft}{10\,s}\cdot\dfrac{60\,s}{1\,min}=\dfrac{720\,ft}{1\,min}[/tex]
Karl rides 720 ft in 1 minute.
Answer:
720
Step-by-step explanation:
120/10 to find his feet per second which is 12 feet per second
12*60
since there are 60 seconds in a minute
= 720
the figure below will be translated 4 units up and 3 units to the right. Which of the following represents the coordinates of the transformed figure?
A. A'(6, 9), B'(9, 14), C'(12, 11)
B. A'(8, 10), B'(11, 15), C'(15, 12)
C. A'(9, 9), B'(12, 14), C'(16, 11)
D. A'(9, 10), B'(12, 15), C'(16, 12)
Answers
=> A (5,6) → A' (5 + 3, 6 + 4) = A'(8,10)
=> B(8,11) → B' (8 + 3, 11 + 4) = B'(11,15)
=>C(12,8) → C' (12 + 3, 8 + 4) = C'(15,12)
Answer: B. A'(8, 10), B'(11, 15), C'(15, 12)
In Zoe's class, 4 /5 of the students have pets. Of the students who have pets, 1/8 have rodents. What fraction of the students in Zoe's class have rodents? Enter the answer in simplest form. The fraction of students in Zoe's class who have rodents is
Answers
Answer:
The fraction of students in Zoe's class who have rodents is [tex]\frac{1}{10}[/tex].
Step-by-step explanation:
In Zoe's class, 4 /5 of the students have pets.
Of the students who have pets, 1/8 have rodents.
This means [tex]\frac{1}{8} of \frac{4}{5}[/tex] have rodents.
So,fraction of students who have rodents = [tex]\frac{1}{8}\times\frac{4}{5}[/tex]
= [tex]\frac{1}{10}[/tex]
The fraction of students in Zoe's class who have rodents is [tex]\frac{1}{10}[/tex].
Jean-Marc used a scale factor of 5 to make this scale drawing of a moth.
In the drawing, the wingspan of the moth measures 3 centimeters. What was the actual wingspan, in millimeters, of the moth Jean-Marc observed?
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If 300 cm2 of material is available to make a box with a square base and an open top, find the maximum volume of the box in cubic centimeters
Answers
[tex]\bf V(x)=x^2\left( \cfrac{300-x^2}{4x} \right)\implies V(x)=x^2\left( \cfrac{75}{x}-\cfrac{x}{4}\right) \\\\\\ V(x)=75x-\cfrac{x^3}{4}\implies \cfrac{dV}{dx}=75-\cfrac{1}{4}\cdot 3x^2\implies \cfrac{dV}{dx}=75-\cfrac{3x^2}{4} \\\\\\ \cfrac{dV}{dx}=\cfrac{300-3x^2}{4}\impliedby \textit{now, let's set the derivative to 0} \\\\\\ 0=\cfrac{300-3x^2}{4}\implies 0=300-3x^2\implies 3x^2=300\implies x^2=100 \\\\\\ x=\pm\sqrt{100}\implies x=\pm 10[/tex]
now, if you do a first-derivative test on +10, say check 9.99 and 10.01 for example, you'll notice you'd get + and - value respectively, meaning is a maximum.
I need the answer please
Answers
Solving for x
2x+6=x+5
2x-x=5-6
X= -1
You are planning to buy one of two brands of sofas, which you hope to use over the next twenty years. Brand J costs $975 and lasts for about twenty years. Brand K costs $265 and lasts for about five years, so you will need to buy four Brand K sofas to equal one Brand J sofa. In either case, you plan to pay for your sofa using your credit card, which has an interest rate of 14.55%, compounded monthly. You can pay off a Brand J sofa with eight years of monthly payments, and you can pay off a Brand K sofa with three years of monthly payments. Assuming that you make no other purchases on your credit card, over twenty years, which brand will be cheaper, and how much cheaper will it be? (Round all dollar values to the nearest cent.) a. Brand J will be $591.36 cheaper than Brand K. b. Brand J will be $85.00 cheaper than Brand K. c. Brand K will be $1,132.23 cheaper than Brand J. d. Brand K will be $340.32 cheaper than Brand J.
Answers
The loan amount is calculated by amortization and Brand K will be $340.32 cheaper than Brand J
What is Amortization?Loan amortisation is the practise of making recurrent payments over time to completely pay off the principal and interest on a loan.
Mortgage amortisation is a word used in finance to describe the process of paying down your mortgage. The mortgage lender establishes a payment plan for you when you take out a mortgage. This uncomplicated plan, which includes equal payments over the course of your loan if you have a fixed-rate mortgage, is easy to understand.
The amount is calculated using the amortization formula:
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
where:
P is monthly payment
a is credit amount
r is the interest rate
t is the time in years
n is number of times the interest is compounded
Given data ,
Let the total loan amount for the brand J be represented as J
a = $975
r = 14.55% = 0.1455
t = 8 years
n = 12
Now , the amortization formula is
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
P = 975 ÷ {{[(1 + 0.1455/12)^12×8] - 1} ÷ [0.1455/12(1 + 0.1455/12)^12×8]}
P = $17.24
Total amount paid J = $17.24 × 96 = $1655.04
Let the total loan amount for the brand K be represented as K
a = $265
r = 14.55% = 0.1455
t = 3 years
n = 12
Now , the amortization formula is
P = a ÷ {{[(1 + r/n)^nt] - 1} ÷ [r/n(1 + r/n)^nt]}
P = 265 ÷ {{[(1 + 0.1455/12)^12×3] - 1} ÷ [0.1455/12(1 + 0.1455/12)^12×3]}
P = $9.13
Total amount paid K = $9.13 × 12 × 3 × 4 = $1314.72
The difference of amount of sofa j and sofa k = D
D = J - K
D = $1 655.04 - $ 1314.72 = $ 340.32
Hence , Brand K will be cheaper than Brand J by $340.32
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According to the Journal of the American Medical Association (JAMA), hospitals that routinely staff with 1:8 nurse-to-patient ratios experience five additional deaths per 1,000 patients than those staffing with 1:4 ratios (2002). If the local hospital has decided to follow the 1:4 nurse-to-patient ratio, how many patients can they treat if they have 120 nurses?
Answers
Final answer:
The local hospital can treat a maximum of 480 patients if they follow the 1:4 nurse-to-patient ratio and have 120 nurses.
Explanation:
The local hospital can treat a maximum of 480 patients if they follow the 1:4 nurse-to-patient ratio and have 120 nurses.
To calculate the maximum number of patients the hospital can treat, we divide the number of nurses by the nurse-to-patient ratio. In this case, the ratio is 1:4, so for every 1 nurse, there are 4 patients. Therefore, each nurse can handle 4 patients.
To find the maximum number of patients, we multiply the number of nurses by the number of patients each nurse can handle. In this case, 120 nurses multiplied by 4 patients per nurse equals 480 patients.
Fraction 4 over 5n = Fraction 2 over 3. n = ___? Fraction 2 over 15 Fraction 5 over 6 1Fraction 1 over 5 1Fraction 7 over 15
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4/5n = 2/3
n = 2/3 x 5/4 . . . . .. if fraction is moved to other side of the equation the numerator and denominator will be swithced
n = 10/12 ......................... divide numerator and denominator by 2
n = 5/6
The answer is Fraction 5 over 6
Answer:
what?
Step-by-step explanation:
How to factorise and appear a commun facteur
Answers
20 points! Suppose you find six articles related to the topic of your research paper. In how many ways can you choose four articles to read
a.720
b.30
c.360
d.15
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A superhero recently asked his nemesis how many cats she has. She answered with a riddle:two-thirds of my cats plus two
how many cats does she have
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The formula for glue says to add 50ml of hardener to each container of resin. How much hardener should be added to 15 containers of resin?
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If you have 15 containers of resin, Hardener = 15 * 50 = 750.
So you need 750 mL of hardener.
Answer:
0.75
Step-by-step explanation:
Find the distance the point p(0,0,−4)p(0,0,−4) is to the line through the two points q(−4,1,−2q(−4,1,−2 ), and r(−2,0,−5r(−2,0,−5 ).
Answers
Jeremy is shopping online for skating equipment. He buys a longboard complete with trucks and wheels for $146.25. At checkout, Jeremy gets a discount of $21 on his purchase. The final amount that Jeremy will be billed is $ 42.00 104.25 125.25 167.25
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$146.25 - $21 = $125.25
The final amount Jeremy will be billed is $125.25.
I hope this helps!
Answer:
Option C. $125.25
Step-by-step explanation:
Jeremy is shopping online for skating equipment.
The price of long board with trucks and wheels = $146.25
Jeremy gets a discount on his purchase = $21.00
the final amount that Jeremy would be billed.
We subtract the discount from the price of item.
= $146.25 - $21.00 = $125.25
The final amount that Jeremy would be billed is $125.25.
write 3.25 x 10^4 as an ordinary number
could you please show your working out it would be helpful
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[tex]3.25\times10^4[/tex] is equivalent to [tex]3.25 \times 10,000[/tex], which translates to taking the decimal point in 3.25 and moving it 4 places to the right, obtaining [tex]32,500[/tex].
Numbers that are used to represent the rank or position of an object or a person are known as ordinal numbers.
The ordinary number for 3.25 x [tex]10^{4}[/tex] is 32500.
What is an ordinary number?Numbers that are used to represent the rank or position of an object or a person are known as ordinal numbers.
We have,
3.25 x [tex]10^{4}[/tex]
We need to remove the decimal point and the exponents 4.
Let us find in two parts:
3.25 can be written as 325/100 ______(1)
[tex]10^{4}[/tex] can be written as 10 x 10 x 10 x 10 = 10000 ______(2)
Now,
From (1) and (2)
= 3.25 x [tex]10^{4}[/tex]
= (325 / 100) x 10000
= (325/100) x 100 x 100
100 can be canceled.
= 325 x 100
= 32500
Thus the ordinary number for 3.25 x [tex]10^{4}[/tex] is 32500.
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In 2015, in Buffalo, New York, there were 8,625 arrests, 2,678 robberies, 865 assaults, and 20 murders. The population of Buffalo is 258,959. What is the ratio of the number of assaults to the number of robberies in simplest form?
Answers
I could be wrong tho
Answer:
The simplest form of the ratio is: [tex]\dfrac{865}{2678}[/tex]
Step-by-step explanation:
We are given information about the buffalo in New york in the year 2015 as:
Number of arrests= 8,625
Number of robberies=2678
Number of assaults= 865
Number of murders= 20
The population of Buffalo is 258,959.
he ratio of the number of assaults to the number of robberies in simplest form is given by:
[tex]\dfrac{865}{2678}[/tex]
As the number in the numerator and the denominator do not have a common factor. hence the simplest form of the ratio is:
[tex]\dfrac{865}{2678}[/tex]
Fred wants to find 48+34 using compensation.He says you can take 2 from 34 and give it to 48 to make 50.What is the sum?Explain why compensation can work to find the sum.
Answers
48 + 34 = borrow 2 from 34 and add to 48
= 50 + 32 50 + 32 is 82
= 82
"assume that josh throws the discus 36 times. let y denote the sum of the lengths of the 36 throws.
a. what is the expected value of y