Which one of the following correctly states the VaR for a 3-year period with a 2.5 percent probability?
1 answer:
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We can assume that the y-intercept for this equation is 125, because that would be how much Anna already has saved before she begins saving money from her allowance. Then, we know that Anna adds $2 to her savings each day from the problem, so we know that the slope will be positive 2 then.
Equation:
y = 2x + 125
Graph:
Attached below
Hope this helps!! :)
