A 90-day bank bill with a face value 500000 with 400 yield


A 90-day bank bill with a face value $500,000 with 4.00% yield.

If it is sold after 30 days at a yield of 4.50%, what dollar amount of interest was earned?

Solution Preview :

Prepared by a verified Expert
Engineering Mathematics: A 90-day bank bill with a face value 500000 with 400 yield
Reference No:- TGS01590087

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)