Quiz 6 B - = 4 & 1 = 1 : 1 1 = 4 &...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
ACTSC 231 Solutions to Quiz 6 blue 1. a) 5000 = 450 a 16 j j = ) j = 4 : 652225351% per quarter i = (1 : 04652225351) 4 1 = 19 : 95% b) 450 s 16 j 1% = 7766 : 04 AV of the payments reinvested at i (4) = 4% 5000 (1 + i ) 4 = 7766 : 04 = ) i = 7766 : 04 5000 ± 1 = 4 1 = 11 : 64% 2. i = 10% = ) j = i (4) 4 = (1 + i ) 1
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: = 4 & 1 = 1 : 1 1 = 4 & 1 = 2 : 4113689% 450 a 10 j 2 : 4113689% = 3956 : 53 5000 = 450 a 6 j j + 3956 : 53 v 6 j = ) j = 6 : 008760998% i = (1 : 06008760998) 4 & 1 = 26 : 29% 1...
View Full Document

This note was uploaded on 04/07/2010 for the course ACTSC 231 taught by Professor Chisholm during the Winter '09 term at Waterloo.

Ask a homework question - tutors are online