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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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- Winter '09
- Debt, Mortgage loan, Instructors Comment