Math Problem Solver

The U.S. government borrows money by selling Treasury bills. Treasury bills are discounted notes issued by the U.S. government. On June 3​, ​2003, Kris Greenhalgh purchased a 184​-day, ​$4000 U.S. Treasury bill at a 4.73​% discount. On the date of maturity Kris received ​$4000. Complete parts ​a) through ​d).

One way the U.S. government borrows money is by selling Treasury bills. Treasury bills are discounted notes issued by the U.S. government. When an investor purchases a Treasury​ bill, the purchase price is the face value of the Treasury bill minus the interest paid by the U.S. government on the maturity date. For​ example, if a Treasury bill has a face value of​ $5000 and the interest that will be paid by the U.S. government on the maturity date is​ $200, then the purchase price of the Treasury bill will be ​$5000minus​$200 or​ $4800. When the Treasury bill reaches its maturity​ date, the investor is paid the face value of the Treasury bill.Question content area bottomPart 1​a) What is the date of maturity of the Treasury​ bill?The date of maturity of the Treasury bill is December  4​, 2003 Part 2​b) How much did Kris actually pay for the Treasury​ bill?​$

enter your response here ​(Round to the nearest​ cent.)