Quiz set 2

# Quiz set 2 - Assignment for week of September 10 to...

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Assignment for week of September 10 to September 17, 2009 Thursday, September 10 (Carried forward from last week.) 4.71 F = \$1,030.41 4.74 5.277% semi-annual interest rate Work problems 2 and 3 in the back of the handout “Balance Difference Equations”. Answers are given in the handout. Tuesday, September 15 Work problems 4 and 5 in the back of the handout “Balance Difference Equations”. Answers are given in the handout. Work the following problems: 1. Beginning of month stock prices per share for 4 consecutive months for Bilkmore’s stock are as follows: \$45, \$48, \$52, and \$58. Suppose you invest \$800 each month in Bilkmore stock for 4 months starting at the \$45 per share price. a) How many shares would you have at the end of the 4 th month? Ans. 63.62 shares b) If stock were selling for \$60 per share at the end of the 4 th month, what would your account balance be? Ans. \$3817.20 2. Suppose you invest \$1000 in an Index Fund where the index is at 800 at the time you make the investment. What would your investment be worth after 3 years if the index is

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Quiz set 2 - Assignment for week of September 10 to...

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