What amount must you deposit today

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Reference no: EM131427060

The treasurer of Small Corp. is considering the purchase of a T-bill maturing in seven months. At a rate of 9 percent compounded annually:

a. Calculate the present value of the $10,000 face value T-bill.

b. If you wanted to purchase a seven-month T-bill 30 months from now, what amount must you deposit today?

Reference no: EM131427060

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