test1_0607

test1_0607 - MAT133-Test 1A DEPARTMENT OF MATHEMATICS...

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MAT133-Test 1A Page 1 of 12 DEPARTMENT OF MATHEMATICS University of Toronto at Mississauga MAT 133Y Test #1A October 13, 2006 Fill in the following information in INK! Last Name: _______________________________________. Given Name: ______________________________________. Student #: _________________________________________. Please Circle your Tutor’s name and enter the tutorial number or tutorial day/time INSTRUCTIONS 1. Only TI-30XIIB or TI-30XIIS calculators are allowed (with no lids or inserts). NO other aids allowed. 2. The time allotted is 110 minutes. 3. Question 1 is a MULTIPLE CHOICE question with 15 parts each worth 4 marks. You must put your answers to the multiple choice questions IN the ANSWER TABLE provided on page 3. 4. For Questions 2 – 5, YOU MUST SHOW ALL YOUR WORK and provide a concluding statement. A correct conclusion obtained with false or no reasoning, will NOT receive any marks. 5. There are 12 pages to this test, including a formula sheet. Make sure you have all of them. 6. Budget your time. Good Luck! Question # Out of Score 1 60 2 10 3 10 4 10 5 10 Total 100 YOUR TUTOR Abby David Danuta Mike Miodrag Rafal Rachna Xiao YOUR TUTORIAL # OR TUTORIAL DAY/TIME

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MAT133-Test 1A Page 2 of 12 Formula Sheet for Test #1 Note that in the formulas provided below, the symbols used are as follows: R is the regular payments made or received r is the periodic rate of interest n is the total number of periods For an ORDINARY annuity we have: Present value () 11 n r AR r ⎛⎞ ⎜⎟ ⎝⎠ −+ = Future value n r SR r +− = For an annuity DUE we have: (1 ) n r AR r r =+ 1 1 n r R r And 1 1 n r r + =− For a LOAN amortized over n periods at a periodic rate r , we have: Principal outstanding at beginning of period k : A k = R 1 nk r r −+− The interest portion of the k th payment is: A k r = R 1 r ⎡⎤ ⎢⎥ ⎣⎦ The principal contained in the payment of the k th period is: R - R 1 r = 1 1 n k Rr + Total finance charges (interest paid): nR - A
MAT133-Test 1A Page 3 of 12 NAME: ________________________ STUDENT NUMBER: ___________________ QUESTION 1: MULTIPLE CHOICE

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This note was uploaded on 04/15/2010 for the course MAT Mat133 taught by Professor Igfeild during the Fall '10 term at University of Toronto.

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test1_0607 - MAT133-Test 1A DEPARTMENT OF MATHEMATICS...

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