MATH 320 HW 1

# MATH 320 HW 1 - (i.e. quarterly). (c) Interest is added to...

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MATH 320 HOMEWORK 1 Due Wednesday, September 1 1. I invest \$1000 on January 1, 1995. By January 1, 1996, my investment is worth \$1200. The time unit is years. Write down A (0) ,A (1) , and a (1) in the following three cases: (a) The money unit is \$1 (b) The money unit is \$10 (c) The money unit is \$100 2. Sketch a graph of a ( t ) for the following bank accounts. Assume simple interest, with a strictly positive interest rate. (a) Interest is added to the account at the end of each year (i.e. annu- ally). (b) Interest is added to the account at the end of each three months
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Unformatted text preview: (i.e. quarterly). (c) Interest is added to the account continuously. (d) Interest is added to the account continuously and bank charges are removed from the account at the start of each year. 3. Suppose an account has amount function A ( t ) = 200 + 10 t + t 2 . (a) Find the interest earned between t = 2 and t = 4 (b) Find a (5) (c) Find i and i 5 4. Chapter 1, exercise 9 5. Chapter 1, exercise 10 1...
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## This note was uploaded on 11/18/2010 for the course MATH 320 taught by Professor Dr.k during the Spring '10 term at Nevada.

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