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Assignments - MA/STAT 170 Fall 2010 Assignments Homework is...

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MA/STAT 170 Fall 2010 Assignments Homework is due at the beginning of class. Place the assignment on the table in the front of class as you come in. Sometime during the class I will put the papers into my binder. After this point I will not accept any more papers. Some of the assignments precede the corresponding lecture. This is intentional. When studying for actuarial exams students often must learn material on their own. You should be able to answer the questions solely on the basis of the reading. #1, For Tuesday 8/31: Read notes, p.1-6. Do: p. 12, # 1, 2 , 4, 14, 41 (See Example 3, p. 3.) #2, For Thursday 9/2: Read the material on compounding intervals and present value, p. 6-8, stopping with Example 10. Do: p. 13, # 18, 19 , 20, 21, 22, 42 (see Example 4, p. 3), 47 ( Hint: Compute the present value of each payment and sum the results), 54 #3, For Tuesday 9/7: Read Examples 5 and 6 on p. 4. Also read the material on p. 8 beginning with formula (7) and ending with formula (8). Note: If you multiply both numerator and denominator in formula (7) by -1 you get (1-x^(n+1))/(1-x)= (x^(n+1)-1)/(x-1) It is this version of the formula that you use in Example 11. You let x=1.03 and n=19. Do: (60) How much will you have if you deposit $200 dollars at the end of the year for the next 20 years if the account earns 4% interest per year. (Ans: $5955.615715) Also Do: p. 13, # 23, 28, 44, 46, 50, 51, 53 #4, For Thursday 9/16:
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A solution to the homework you turned in today will be posted on the web as well as solution to the one that was handed back today. CHECK THEM CAREFULLY SO THAT YOU DON’T REPEAT YOUR MISTAKES ON THIS NEW ASSIGNMENT.
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