Quiz 3 B - ACTSC 231 Solutions for Quiz 3 blue 1. Buying...

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Unformatted text preview: ACTSC 231 Solutions for Quiz 3 blue 1. Buying from the dealer...so the dealer is selling...use the asked rate 32 Pa = 100000 1 :0377 360 = 99664:89 i(m) m = i= 1 100000 99664:89 = :0033624 rate 99664:89 m 365 i(m) +m 1 = (1:0033624) 32 per 32 days. m = 365 32 1 = 3:90% 10% i(52) 52 = 52 = :192307692% (1:00192307692)260 1 30 = 10; 107:71 fund :00192307692 2. 52 (5) = 260 weeks & j = 30a260j:192307692% = of the last deposit (52) 52 52 value at the time :1 1 = 1 + 52 1 = 10:506479% i = 1 + i 52 Let X be the amount of each withdrawal. Xa10j10:506479% The PV of the withdrawal at the time of the last deposit 10; 107:71 = Xa10j10:506479% =) X = 1680:94 1 ...
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This note was uploaded on 02/07/2010 for the course ACTSC 231 taught by Professor Chisholm during the Spring '09 term at Waterloo.

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