. Estimate the duration of Deposit NBank Balance SheetCash = $ 50Loan M (7%, 6 years) = $200Deposit N (3 years, 2%) = $ 200Equity = $ 50Total Assets = $250Total Liabilities = $ 250   a.1.94 b. 2.94 c. 3.94 d. 4.94

Cornerstones of Financial Accounting
4th Edition
ISBN:9781337690881
Author:Jay Rich, Jeff Jones
Publisher:Jay Rich, Jeff Jones
ChapterA3: Time Value Of Money
Section: Chapter Questions
Problem 8CE
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. Estimate the duration of Deposit N
Bank Balance Sheet
Cash = $ 50
Loan M (7%, 6 years) = $200
Deposit N (3 years, 2%) = $ 200
Equity = $ 50
Total Assets = $250
Total Liabilities = $ 250

 

a.1.94


b. 2.94


c. 3.94


d. 4.94

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