ADMS3530-Assignment1-S11 (1)

ADMS3530-Assignment1-S11 (1) - AP/ADMS3530 3.0 Assignment#1...

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AP/ADMS3530 3.0 Assignment #1 Summer 2011 Instructions: ______________________________________________________________________ (1) This assignment can be done individually or in pairs (group of 2) . You must sign (both students if done in pairs) and submit the standard cover page supplied as the cover page of this assignment . (2) Before you start, please read the note “ Writing Style Required for ADMS3530 Assignments ” posted on the course web site. Please stick to the writing guidelines suggested in the note. (3) This assignment is due in class the week of June 6, 2011 . (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 out of 100 marks and is worth 5% of your overall grade. (6) Late assignments will not be accepted for any reason. (7) Decimal places: keep at least 4 in your calculations and 2 in your final answer. ______________________________________________________________________ 1
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Question 1 - TVM (25 marks) You are a York grad and have landed a decent job with a Bay Street firm. Today, on your 25 th birthday you have concluded that in order to maintain your quality of life in retirement you will need to have $2 million available in 40 years, which is when you hope to retire. You have no savings to this point in your life but plan on making the first
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ADMS3530-Assignment1-S11 (1) - AP/ADMS3530 3.0 Assignment#1...

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