# SIE hw3 - 1. #2 using Park's tables in back using linear...

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1. #2 using Park's tables in back at 18% using linear interpolation. Blah. check this one out. didn't do right… 2. Manage a fund with a 18.9% return per year. 18.90% Client invests \$10000 \$10,000 with 37 ANNUAL 37 (\$1,000) balance 37 years from now? 1 (\$2,854,057.31) 3. The \$ difference (\$2,112,159.68) 4. The % difference 25.994% 5. Purchase price for car \$43,550 Interest rate 3.37% # of months 60 Down payment 5% What is monthly pmt? 12 3.423% 3.370% 0.281% \$750.23 6. Same as above but interest is 3.82% 3.82% compounded QUARTERLY 4 What is monthly payment? 60 3.875% 3.820% 0.318% \$758.58 7. Have 2500 \$2,500 want to get 4500 (\$4,500) with SEMIANNUAL deposits of \$32.50 \$32.50 in 3 years 3 What is APR (nom ir) 2 6 9.263% 18.526% 19.384% 17.849% withdrawls of \$1000. What is account

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8. initial deposit of \$6500 with \$6,500 (\$58.92) Nominal APR is 11.23% conpounded QUARTERLY. 11.23% what is balance in 21 years? 21 12 252 4 11.712% 11.127% 0.927% (\$7,843.21) 9. using 8, change pmt to \$68.92 per month
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## SIE hw3 - 1. #2 using Park's tables in back using linear...

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