Assignment 6(1)

Assignment 6(1) - Maple T.A Gradebook...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
System Homepage » Class Homepage » Student Details » Student Assignment Details ActSci 231 W09 : Gradebook Welcome Po-Wei Chuang [ My Profile ] Assignment detail for Po-Wei Chuang in Assignment 6: Po-Wei Chuang Login: pchuang Email: [email protected] Student ID: 20260696 Assignments completed: 9 Assignments active: 0 Question Grade 1 Find the present value of a 14-year annuity with annual payments which pays $500 immediately and each subsequent payment is 5% greater than the preceding payment. The annual effective rate of interest is 8%. Answer to the nearest dollar. Your Answer: 5866 Correct Answer: 5866.39 Comment: 14 payment annuity-due with j=(1+0.08)/(1+0.05)-1=0.028571 Instructors Comment: 1.0 2 An annuity-immediate pays 40 per year for 10 years, then decreases by 1 per year for 39 years. At an annual effective interest rate of 4%, the present value is equal to X. Calculate X to the two decimal places. Your Answer:
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 03/24/2010 for the course ACTSC 231 taught by Professor Chisholm during the Winter '09 term at Waterloo.

Page1 / 2

Assignment 6(1) - Maple T.A Gradebook...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online