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masonprice
masonprice
31.10.2021 • 
Mathematics

The U.S government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the U.S government. On May 5, 2007, Kris Greenhalgh purchased a 182-day $1000 Treasury bill at a 4.34% discount. On the date of maturity, Kris will receive $1000. A) What is the date of the maturity in the Treasury bill?
B) How much did Kris actually pay for the Treasury bill?
C) How much interest did the U.S government pay on the date of maturity?
D) What is the actual rate of interest of the Treasury bill?

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