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a. On April, you could buy 30 year U.S. Treasury note for 5000 that pays 6.33% simple interest every year through November 15, 2044. How
a. On April, you could buy 30 year U.S. Treasury note for 5000 that pays 6.33% simple interest every year through November 15, 2044. How much total interest( I) would it earn by then?
b. we saw on p.780 that a normal rate of 5% compounded continuously yields an effective annual rate of 5.13711%. what effective annual rate does nominal rate 1% yield with continuous compounding? round the answer to 5 decimal places
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