The price of a 5 5-year annuity-immediate with annual level payments of $ 100 $100 is calculated at an annual effective interest rate of 6 % 6%. Estimate the new price of this annuity if the interest rate drops to 5.7 % 5.7% using the first-order Macaulay approximation.

answermeasured by how well she or he does the job'; /

answernet income for 2017 will be greater if the inventory quantity declines;

answer(d) the growth of consumption is likely to remain sluggish even as the economy begins to recover.;

answer(d) encourage cooperation by improving the chances of mutually agreeable transactions;