3530-_A1-F2011(post) - AP/ADMS3530 3.0 Assignment #1 Fall...

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AP/ADMS3530 3.0 Assignment #1 Fall 2011 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 web site. Please stick to the writing guidelines suggested in the note. (3) This assignment is due in the class of the week of October 19-25. For Internet (section G) students , it is due by 10pm on Thursday, October 20. (4) For Internet students , the assignment must be submitted as per instructions on the Course Announcements folder of the Moodle course website. (5) Except for Internet students , this assignment must be handwritten . Work that is too difficult to read due to poor handwriting will receive zero credit. You must show your work to receive full credit. (6) This assignment carries a total mark of 100 points. (7) Late assignments will not be accepted for any reason (technical or otherwise). (8) Decimal places: please keep at least 4 in your calculations and 2 in your final answers. ______________________________________________________________________
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Question 1 -TVM (15 marks) John and Jane are analyzing promises from political candidates about reducing the cost of attending university. Their daughter, Jane Jr., plans to attend the University of Southern Ontario (USO) for four years, starting one year from now. Tuition at USO is currently $6000 per year, paid at the beginning of each year. Tuition is expected to rise by $400 each year. Use an annual interest rate of 5%. (a) The Red Party promises to freeze tuition, so that it will stay at $6000 for each of the four years that Jane Jr. attends USO. What is the value today of the Red Party’s plan? (5 marks) (b) The Yellow Party promises to give scholarships of $1000 per year, awarded at the beginning of each school year. What is the value today of Jane Jr.’s scholarship? (5 marks) (c) The Blue Party promises to give Jane Jr. a tax credit after she graduates. At the end of the
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This note was uploaded on 12/15/2011 for the course ADMS 3530 taught by Professor Unknown during the Spring '09 term at York University.

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3530-_A1-F2011(post) - AP/ADMS3530 3.0 Assignment #1 Fall...

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