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Quiz 4 B - PV one year before 1st payment We need to take...

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ACTSC 231 Solutions for Quiz 4 blue 1. Let j 1 = i (12) 12 = 8% 12 = 0 : 66666667% Let j 2 = i (2) 2 = ° 1 + i (12) 12 ± 12 = 2 ° 1 = (1 : 00666666667) 6 ° 1 = 4 : 0672622% 200 a 12 j j 2 + 300 a 24 j j 1 (1 + j 1 ) ° 72 = 5980 : 75 2. i = ² 1 + : 03 12 ³ 12 ° 1 = 3 : 0415957% 750 : 030415957
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Unformatted text preview: PV one year before 1st payment. We need to take this value forward 9 months. 750 : 030415957 ² 1 + : 03 12 ³ 9 = 25218 : 49 1...
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