A T-Bill with a face value of 300 redeembable in 45 weeks yields 20%. Calculate the price:
T-Bill Relation Equation
P = F -
F * (7 * w * y)
360
Plug in our numbers
P = F -
F * (7 * w * y)
360
P = 300 -
300 * (7 * 45 * 0.2)
360
P = 300 -
300 * 63
360
P = 300 -
18900
360
P = 300 - 52.5
P = 247.5
What is the Answer?
P = 247.5
How does the T-Bill Calculator work?
Calculates any of the four items of the T-Bill (Treasury Bill or TBill) formula: 1) Price (P) 2) Face Value (F) 3) Number of Weeks (w) 4) Yield Rate (y) This calculator has 4 inputs.