a) For each question in the quiz below‚ what is your numerical answer? b) What formula or formulae did you use to solve the problem? (refer to the list of formulae below) c) For each of the formulae you used in solving the problem‚ what parameter values (i.e. the inputs to the calculation) did you use to solve the problem? Quiz: Please answer the following questions Q1: How long will it take for $20‚000 to grow to $30‚000 at 8%p.a. simple interest? (in years correct to two decimal places)
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17 15.29 Interest Rate Options vs. FRAs 15.30 Interest Rate Caps and Floors 15.31 Minimum and Maximum Values for Options 15.32 Straddles and Strangles 15.33 Option Prices and the Time to Expiration Derivatives - Interest Rate Caps and Floors Interest Rate Cap An interest rate cap is actually a series of European interest call options (called caplets)‚ with a particular interest rate‚ each of which expire on the date the floating loan rate will be reset. At each interest payment date
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CONTRACTS Stages in the life of a contract: 1. Preparation/Generation 2. Perfection/Birth 3. Consummation/Death Characteristics of Contracts: (ROMA) 1. Relativity (Art. 1311) 2. Obligatoriness & Consensuality (Art. 1315) 3. Mutuality (Art. 1308) 4. Autonomy (Art. 1306) Stipulation pour Autrui - stipulation in favor of a 3rd party. Requisites: 1. The stipulation must be part‚ not whole of the contract; 2. the contracting parties must have clearly and deliberately conferred
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make forecasts for the future. You are required to complete the following tasks to earn credits for this assignment. Part I: (1) Go to the Reserve Bank of Australia (RBA) website‚ find the statistic section‚ and then download the data file named “Zero-Coupon Interest Rates - Analytical Series -2009 to current”. (2) Plot the zero-coupon yield curve on October 1‚ 2009. (3) Based on the yield curve on October 1‚ 2009‚ calculate the expected rates on zero-coupon bonds with one-quarter maturity
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COMPOUND INTEREST Making or Spending Money SIMPLE INTEREST FORMULA If a principal of P dollars is borrowed for a period of t years at a per annum interest rate r‚ expressed as a decimal‚ then interest I charged is I Pr t This interest is not used very often. Interest is usually compounded which means interest is charged or given on the interest and the principal. Simple Interest Example COMPOUND INTEREST Payment Periods: Annually Once per year Semiannually Twice per year Quarterly
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Q&A 2 Certainty of terms and intention Introduction Contractual certainty If businessmen are often not overly-concerned with the niceties of offer and acceptance it follows that their contracts may not be all-embracing and complete in every respect. The parties may have reached an agreement in principle and then prefer to rely on experience from previous dealings‚ business practice and goodwill. The law’s overall policy is to uphold bargains wherever possible and although businessmen tend to
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TO WHAT EXTENT IS INCREASED CONSUMERISM A GOOD THING? In the present age‚ consumption is playing a significant role in our lives. But in the meantime‚ whether increased consumerism has sparked much debate. Consumption is the belief that buying many things is goods. Some people assert that increased consumerism is a good thing while many other argue that increased consumerism is a bad thing for our lives. Then‚ I will describe the positive and negative respects of consumption in this essay.
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Name: __________________________ Date: _____________ |1. |British civil service workers in executive positions live longer than those in clerical positions. This best illustrates the | | |value of: | |A) |emotion-focused coping. | |B) |the general adaptation
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1. Shipment or delivery The obligation of Seller to ship or deliver the goods specified on the face of this Contract (“Goods”) by the time or within the period specified on the face of this Contract shall be subject to the availability of the vessel or the vessel’s space. If‚ under the terms of this Contract‚ Buyer is to secure or arrange for the vessel or vessel’s space‚ Buyer shall secure or arrange for the necessary vessel or vessel’s space on berth terms basis and give Seller shipping
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What is the future of Antarctica? The fifth biggest continent in the world and 10% of its total land area is being destroyed simply because of humans. Antarctica‚ one of the last truly untouched wildernesses is slowly becoming just like the rest of the world‚ should we let it happen or should we do something about it? 17 species of penguins currently inhabit Antarctica with over 50 million of the different species. Many countries take interest in Antarctica for different reasons whether it is
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