Quiz 3 P - ACTSC 231 Solutions for Quiz 3 pink 1 Buying from the dealer.so the dealer is selling.use the asked rate 40 Pa = 10000 1:0378 360 =

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Unformatted text preview: ACTSC 231 Solutions for Quiz 3 pink 1. Buying from the dealer...so the dealer is selling...use the asked rate 40 Pa = 10000 1 :0378 360 = 9958:00 i(m) m = i= 1 10000 9958 9958 m (m) + im = :0042177 rate per 40 days. m = 1 = (1:0042177) 365 40 365 40 1 = 3:92% 10% i(12) 12 = 12 = :83333333% (1:0083333333)60 1 90 :00833333333 = 6969:34 fund 2. 12 (5) = 60 weeks & j = 90a60j:83333333% = the last deposit (12) 12 12 value at the time of :1 1 = 1 + 12 1 = 10:47130674% i = 1 + i 12 Let X be the amount of each withdrawal. Xa10j10:47130674% The PV of the withdrawal at the time of the last deposit 10; 107:71 = Xa10j10:47130674% =) X = 1157:29 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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