X = 12 , just solved it right now :)
Answer:
Rows are the steps - they go left to right and are numbered 1,2,3,... Columns are the columns - they go up and down and are lettered A,B,C,... Cells are defined by the row and column they are in.
Step-by-step explanation:
Suppose the spot rates for 1 and 2 years are s1=6.3% and s2=6.9% with annual compounding. Recall that in this course interest rates are always quoted on an annual basis unless otherwise specified. What is the discount rate d(0,2)? Please submit your answer rounded to three decimal places. So, for example, if your answer is 0:4567 then you should submit an answer of 0:457.
T would equal anything lower than -17 (basically, -18, -19, -20, etc). This is because -16 + -17 = -33.
