Solve the Problem. -Henry Smith Buys a $60,000 T-Bill at a 6.9% Discount

question 10

Multiple Choice

Solve the problem.
-Henry Smith buys a $60,000 T-bill at a 6.9% discount for 30 weeks. Find the purchase price of the T-bill. (Assume 52 weeks per year.)

• A)$55,223.08
• B)$57,611.54
• C)$58,805.77
• D)$57,372.69

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Definitions:

Pigs

Domesticated animals of the species Sus scrofa, widely kept for their meat (pork).

Sheep

Domesticated ruminant mammals, typically bred for their wool, meat, and milk.

RNAi

A biological process in which RNA molecules inhibit gene expression or translation by neutralizing targeted mRNA molecules.

mRNA Strand

A single-stranded molecule in cells that carries codes from the DNA in the nucleus to sites of protein synthesis in the cytoplasm.