The Treasury Department auctioned $31 billion in 3-month bills in denominations of $10,000 at a discount rate of 6.000%.
Posted: Wed Jul 06, 2022 11:46 am
The Treasury Department auctioned $31 billion in 3-month billsin denominations of $10,000 at a discount rate of 6.000%.
What would be the effective rate of interest? (Use calendaryear. Do not round intermediate calculations. Round youranswer to the nearest hundredth percent.)
Effective rate of interest percent:
What would be the effective rate of interest? (Use calendaryear. Do not round intermediate calculations. Round youranswer to the nearest hundredth percent.)
Effective rate of interest percent: