ACTSC 231 quiz3-cover_page

ACTSC 231 quiz3-cover_page - ing in your solutions must be...

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First Name: Last Name: UW #: Quiz Three — November 23, 2010 ACTSC 231 (Mathematics of Finance)— FALL 2010 Aids: SOA approved or equivalent calculator Time: 50 minutes Qn 1 2 3 4 5 Total Max 4 5 4 6 6 25 Mark 2 points in the last question is for you to earn extra credit. Your grade will be out of 23 Instruction: (1) Problems do not appear in the order of difficulties. (2) For each question, you must justify your answer in order to obtain full credit. All nonstandard notation appear-
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Unformatted text preview: ing in your solutions must be defined. A correct answer without justification will not get any credit. (3) All numerical solutions must be rounded to the nearest two decimal places. Any rate’s accuracy is based on percentage and therefore the number itself should be accurate to the four decimal places (e.g. 0.0123). Your calculation in the process must be accurate to at least 4 decimal places for amount of money, and 6 decimal places for any rate....
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This note was uploaded on 01/21/2011 for the course ACTSC 231 taught by Professor Chisholm during the Fall '09 term at Waterloo.

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