Mathematics, 16.04.2020 23:23, Bloom247
The average daily balance is the mean of the balance in an account at the end of each day in a month. The following table gives the dates and amounts of the transactions in Elliott's account in June.
Day of June Transaction type Transaction amount (in dollars)
111 Starting balance 122312231223
101010 Deposit 615615615
151515 Withdrawal -63−63minus, 63
222222 Withdrawal -120−120minus, 120
There are 303030 days in June.
What is the average daily balance of Elliott's account for the month of June?
Answers: 1
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Frank is lending $1,000 to sarah for two years. frank and sarah agree that frank should earn a real return of 4 percent per year. instructions: a. the cpi (times 100) is 100 at the time that frank makes the loan. it is expected to be 113 in one year and 127.7 in two years. what nominal rate of interest should frank charge sarah?
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