ADMS3530-Assignment1-F10

ADMS3530-Assignment1-F10 - ADMS3530 Fall 2010 Assignment #1...

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ADMS3530 Fall 2010 Assignment #1 1 ADMS3530 Assignment #1 Fall 2010 Revised –Oct. 11, 2010 – See Q.5(a) Instructions: (1) This assignment is to be done individually. You must sign and submit the standard cover page supplied as the last page of this assignment . (2) Before you start, please read the note “ Writing Style Required for ADMS3530 Assignments ” posted on the course website. Please stick to the writing guidelines suggested in the note. (3) This assignment is due in class in the week of October 25, 2010 . Internet students must upload their assignment as per Course Kit instructions by Wednesday, October 27 at 10pm or drop off a hard copy of their assignment to Atkinson #282 by the Wednesday deadline. (4) This assignment must be handwritten. Work that is too difficult to read due to messiness and poor handwriting will receive zero credit. You must show your work to receive full credit. (5) This assignment is worth a total of 100 marks. (6) Late assignments will not be accepted for any reason. (7) Decimal places: please keep at least 4 in your calculations and 2 in your final answers.
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ADMS3530 Fall 2010 Assignment #1 2 Question 1 (TVM) 20 marks This question consists of three independent parts: a), b) and c) a) Elena plans to retire in 12 years from today and she wants to have an annuity of $40,000 a year for 25 years after retirement. Elena wants to receive the first annuity payment the same day as her retirement date. How much must Elena invest today (one
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ADMS3530-Assignment1-F10 - ADMS3530 Fall 2010 Assignment #1...

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