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Aakash has a liability of 6000 due in four years. This liability will be met with payments of A in two years and B in six years. Aakash is employing a full immunization strategy using an annual effective interest rate of 5%.Calculate |A-B|

Respuesta :

samuelonum1

Answer:

|A-B|= 586.411565

Step-by-step explanation:

  We know that = Liability

[tex]PLiability= \frac{6000}{1.05^{4} }[/tex]

[tex]\frac{6000}{1.05^{4} }=\frac{A}{1.05^{2} }+\frac{B}{1.05^{6} }\\\\6000(1.05^{2} ) = (1.05^{4} ) +B\\B= 6000(1.05^{2} )-(1.05^{4} )----------(1)\\\\[/tex]

dAssets =dLiability

[tex]4=2*\frac{\frac{A}{1.05^2} }{\frac{6000}{1.05^4} } +6*\frac{\frac{B}{1.05^6} }{\frac{6000}{1.05^4} } \\4={\frac{6000}{1.05^4}= 2*\frac{A}{1.05^2} +6*\frac{B}{1.05^6}\\\\4[6000(1.05^2)]= 2*A(1.05^4)+6*B[/tex]

From equation 1 we have

[tex]4[6000(1.05^2)]= 2*A(1.05^4)+6*6000(1.05^2)-6*A(1.05^4)\\4*A(1.05^4)=2*6000(1.05^2)\\A=\frac{2*6000(1.05^2)}{4*(1.05^4)} \\A=272.088435\\[/tex]

Going back to equation 1 we have

[tex]B= 6000(1.05^2)-A(1.05^4)\\B= 3307.5\\|A-B|= |2721.088435-3307.5|= 586.411565[/tex]

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