Assignment 3(1)

# Assignment 3(1) - System Homepage Â Class Homepage Â...

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Unformatted text preview: System Homepage Â» Class Homepage Â» Student Details Â» Student Assignment Details ActSci 231 W09 : Gradebook Welcome Po-Wei Chuang [ My Profile ] Assignment detail for Po-Wei Chuang in Assignment 3: Po-Wei Chuang Login: pchuang Email: [email protected] Student ID: 20260696 Assignments completed: 9 Assignments active: Question Grade 1 Payments of \$9,000 now and \$19,000 7-years from now are equivalent to a payment of \$27,000 3.5-years from now at either rate i or rate j. Find |i-j|. Your Answer: 0.16148 Correct Answer: .16148351 Comment: We have a quadratic equation with a=9,000, b=-27,000 and c=19,000. Make sure to take the 3.5 th root of your answer. This gives us i=0.196318 and j=0.034834 Instructors Comment: 1.0 2 A loan is negotiated with the lender agreeing to accept \$5,000 after one year, \$6,000 after two years, and \$30,000 after four years in full repayment of the loan. The loan is renegotiated so that the borrower makes a single payment of \$40,173 at time T and this results the same present value of payment when...
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Assignment 3(1) - System Homepage Â Class Homepage Â...

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