Answer to Question #143386 in Financial Math for Carla Mariz Morales

Question

At a discount of 4% for 90-day treasury bill, an investor paid 970.10 pesos. How much will the investor received at maturity??

Answer 1

Y_d = (970.10/x) (360/90) =0.04

Y_d= (970.10/x)(4) =0.04

Y_d = 3880.4/x = 0.04

3880.4/x = 0.04

0.04x = 3880.10

X = 3880.10/0.04

X = 97010 pesos