Short answer: 4
Explanation:
So to do this you have to look at the problem backwards, so 28 divided by 2, 14 - x = 10 If 10 + x = 14 the x = 4
<u>The equilibrium rate of return on a 1 year T-bond is 5%</u>
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<h3>Equilibrium rate</h3>
This is the interest rate at which the demand meet the supply at a particular point.
<h3>Equilibrium rate of return</h3>
This is the sum of dividend yield plus the rate of capital gains.
we can also say that the equilibrium rate for a 1 year T-bond in this case is the sum of the real risk free rate and the expected inflation.
Data
- Real risk free rate = 3%
- Expected inflation = 2%
Hence, the equilibrium rate of return will be 3% + 2% = 5%.
From the above, the equilibrium rate of return is 5%
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The minimum number of comparisons to find the smallest number from 5 integers is 4.
<h3>How to find the Smallest Integer?</h3>
Let the five numbers be a,b,c,d and e.
Let s be an integer
Comparison 1:
a and b will be compared first and the smaller number of them will be equal to s
Comparison 2:
Now, a smaller number between a and b that is s will be compared with c. Similarly, the smaller number of both numbers will be taken as s in the next comparison.
Comparison 3:
Likewise, s and d will be compared and a smaller number will be taken as s for the next comparison
Comparison 4:
Likewise, s and e will be compared and a smaller number will be taken as s for the next comparison.
After 4th comparison, s will be equal to smallest number of 5 integers.
Thus;
Total comparisons = 4
Therefore, the minimum number of comparisons to find the smallest number from 5 integers is 4.
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The benefit of starting retirement saving early is that your money that is saved or invested for longer is one that has more time to grow.
<h3>What is the benefit to saving early for retirement?</h3>
The more a person invest and the earlier they start it, the better your retirement savings will be and also one will have a lot of more time and the money will have potential to grow.
Hence, The benefit of starting retirement saving early is that your money that is saved or invested for longer is one that has more time to grow.
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