Answer:
I think t•2.25•5 correct me if I'm wrong
Answer:
i think it's
Adam averages better than Alice
Alice averaged less than Adam
Step-by-step explanation:
Answer:
-10
Step-by-step explanation:
22-12=10
CHECK:
-12+(-10)=-22 (correct, and proven)
Answer:
Calculate the Macaulay duration of Annuity B at the time of purchase is 1.369.
Step-by-step explanation:
First, we use 0.93 to calculate the v which equals 1/(1+i).
= 0.93
After rearranging the equation, we get 1.07
+ 0.07v - 0.93=0
So, v=0.9
Mac D: 
After substituting the value of v, we get Mac D = 1.369.
There are two types of interest: Simple interest and compounding interest:
Simple interest: F = P(1+in)
Compounding interest: F = P(1+i)ⁿ
The compounding interest is always bigger than simple interest for a given amount of n time. The effective interest rate is
Effective interest rate = 1.5%/year * 1 yr/12 months = 0.125% per month
Since there are 12 months in 1 year, n= 12. Then i = 0.125/100 = 0.00125
Difference = Compounded Interest - Simple Interest
Difference = P(1+i)ⁿ - P(1+in) = 1000(1+0.00125)¹² - 1000(1+0.00125*12)
Difference = $0.104
You will only have $0.104 more money than the simple interest.
