In each problem, (1) compute the actual exact interest (365-day year) and (2) estimate the interest by rounding the principal to the nearest hundred dollars. For each estimate, assume that a year has 360 days and use the given suggestion to create a shortcut.
Definitions:
Residual Standard Deviation
A statistical measure that quantifies the amount by which an investment's returns deviate from its expected benchmark performance.
Treynor Measure
A performance metric for determining how well an investment portfolio or fund has performed on a risk-adjusted basis, using beta as the risk measure.
Residual Standard Deviation
A measure of the amount of variability or dispersion of a set of data points around a regression line not explained by the regression itself.
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