Quiz 2-Fall 2019-solutions.pdf - Question Score Question 1 11 Question 2 8 Question 3 9 TOTAL 28 Question 1[11 marks total Deposits of $100 per month

Quiz 2-Fall 2019-solutions.pdf - Question Score Question 1...

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Question Score Question 1 11 Question 2 8 Question 3 9 TOTAL 28
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Question 1. [11 marks total] Deposits of $100 per month for 3 years and then $200 per month for 2 years are made into an investment account. Deposits are made at the end of the month. An interest rate of i (12) =6%/a is gotten on all deposits. a) Determine the accumulated value at the time of the final $200 deposit. [7 marks] b) If I wanted to make equal payments every quarter over the 5 years (rather than the pattern in the question), how much would I have to contribute starting in three months from today? [4 marks]
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Question 2. [8 marks total] I borrowed $10,000 today. I pay $1,000 per period on the loan. If I pay i (2) =12%/a interest on the loan:
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