When buying Treasury bills, you'll find that quotes are typically given in terms of their discount, so you'll need to calculate the actual price.

Reviewed by Thomas J. Catalano Fact checked by Vikki Velasquez The discount rate refers to the interest rate used when calculating the net present value (NPV) of an investment. It represents the ...

In order to calculate the price, you need to know the number of days until maturity and the prevailing interest rate. Take the number of days until the Treasury bill matures, and multiply it by ...