quiz 6 P - i 1 = 12& 1 = 1 1 1 = 12& 1 = 797414 150 a...

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ACTSC 231 Solutions to Quiz 6 pink 1. a) 5000 = 150 a 48 j j = ) j = 1 : 599092374% per month i = (1 : 01599092374) 12 1 = 20 : 97% b) 150 s 48 j : 333333% = 7793 : 94 AV of the payments reinvested at i (12) = 4% 5000 (1 + i ) 4 = 7793 : 94 = ) i = 7793 : 94 5000 ± 1 = 4 1 = 11 : 74% 2. i = 10% = ) j = i (12) 12 = (1 +
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Unformatted text preview: i ) 1 = 12 & 1 = 1 : 1 1 = 12 & 1 = : 797414% 150 a 30 j : 797414% = 3988 : 16 5000 = 150 a 18 j j + 3988 : 16 v 6 j = ) j = 2 : 059902787% i = (1 : 02059902787) 12 & 1 = 27 : 72% 1...
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This note was uploaded on 04/07/2010 for the course ACTSC 231 taught by Professor Chisholm during the Winter '09 term at Waterloo.

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