5.

a. 3.66 years b. 10 years c. 28.9 years d. 7.67 years e. 36.62 years 5. Which of the following is NOT true about financial intermediaries? a. Investment managers buy and sell securities and manage investment portfolios on behalf of investors b. Brokers execute trades on behalf of investoes c. Commercial banks collect deposits and make loans d. Investment banks collect premiums and pay insurance claims in the event of a loss e. All of these are true You won a lottery that has agreed to pay you $1,000 at the beginning of each month for the next 20 years. If put your winnings in an acopunt earning 6y intereot hou much wilf yest