FRA equation killing me reading 48 question 9 derivs
(1 + .0595) = (1 + .0570) (180 /360) (1 +x )
Solve for x – please show your work –
FRA equation killing me reading 48 question 9 derivs
(1 + .0595) = (1 + .0570) (180 /360) (1 +x )
Solve for x – please show your work –
(1 + .0595) = (1 + .0570) (180 /360) (1 +x )
Simplify 1.0595 = 0.5285 (1+x)
Solve for x by dividing both sides by 0.5285 : 2.0047 = (1+x)
Then subtract 1 to yield : x = 1.0047
??
and the formula is wrong…
Should be (1 + .0595) = ( (1 + ( 0.0570 *(180 /360) ) ) * (1 +x )