Suppose that nearly all economic agents expect the inflation rate to be 3% next year. Suppose also that the 52-week Treasury bil
l presently pays a nominal annual return of 1%. What is the real annual return received by investors who purchase 52-week Treasury bills? Enter it (in percentage points) below. __________ Suppose you deposit $1,000 in a savings account at a bank. The bank promises to pay you interest at an annual rate of 1.75% for as long as you do not make any withdrawals from the account. Note: the interest you earn during a year is calculated by applying the interest rate to the account balance and any earned interest during a year is credited to the savings account. How many years will take for your account balance to reach $2,000, assuming you do not make any withdrawals? Enter this number of years below: _______________
The work of software developers is quite tough and confusing that is why the system of language was created to help them in their work. The system of language is known as a unified modelling language, it uses various diagrams to help them in solving various complex problems. This language provides a standard way to visualise the concepts that is why it is a logical structure of a database system.
