I need the little help!! I have this word complaint which I’m perplexing to compromise as well as I can’t figure out how to do it??!! Here’s the problem:
You squeeze the 178 day, $1,000 U.S Treasury check during 4.58% discount. On the date of maturity, we will embrace $1,000. What is the tangible rate of seductiveness of the book bill??
If any one could assistance me during slightest find an equation, I could work it myself. Not even certain how to go about anticipating the answer.