You are the product actuary for company A Life. You have developed a ten-year annuity that pays X at the end of each year. Calculate the modified duration for this annuity given an annual effective interest rate of 7%.

Suppose portugal has 700 workers and 26,000 units of capital, and france has 18,000 workers and 700 units of capital. technology is identical in both countries. assume that wine is the capital-intensive good and cloth is the labor-intensive good. which of the following statements is correct if the nations start trading with each other? a) wages will increase in portugal. b) rental rates in france will increase. c) wages in france will decrease. d) rental rates in portugal will increase.

Who owns a renter-occupied apartment? a. the government b. a landlord c. the resident d. a cooperative

If massachusetts has a sales tax of 6 percent and new hampshire has no sales tax, how much money can be saved by buying a $1,000 television in new hampshire? $6 $16 $60 $600