The ratio of number of residents in Tutwiler to the number of sex offenders is 587 to 1. The number of registered sex offenders compared to the number of residents in this city is smaller than the state average. Median real estate property taxes paid for housing units with mortgages in 2013: $530 (1.0%)
Duration is defined as the length of time that something lasts. When a film lasts for two hours, this is an example of a time when the film has a two hour duration. continuance in time.
The number of years required to receive the present value of future payments, both interest and principal, from a bond. Duration is determined by calculating the present value of the principal and each coupon and then multiplying each result by the period of time before payment is to occur. The concept of duration is used to relate the sensitivity of bond price changes to changes in interest rates. Also called mean term.