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MA373 S10 Quiz 2 Solutions

MA373 S10 Quiz 2 Solutions - QUIZ 2 Math 373 Spring 2010 1...

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Unformatted text preview: QUIZ 2 Math 373 Spring 2010 1. You are given that i“): 8.0%. Provide all answers to 6 decimal places. '(4) a. Calculate the quarterly effective interest rate. r. L9. \ L‘ . L( > .08 o L / Ll ' tr —" ' ' b. Calculate the annual effective interest rate. :g L \ (“flag 08 q , 82432110 1H,: 1, L; (/+.,?>,)- ,o L: (IL) c. Calculate the monthly effective interest rate. ‘ T— q/ n. t l . .127 L”) Li Luz) L ’9 cm; (’1‘- .0: ,lg. .ooloé l /+ j ’ [Hi—i; ’ 7; ‘ d. Calculate 5. l 6f; OH» = ). 032%;le f9 byway/32%) 3 e. Calculate d”). U") ‘l H i r ‘ I“ z [E— 0. D772J0509 2.. —2.. Li, 1—4:) Q'Ol‘; < 4J3.) 2. You are given: at = Chris wants to have 5000 at the end of 10 years. How mueh must he invest at the end of 5 years in order to have 5000 at the end of 10 years. sfmt, (57000 <3 _ .ozz‘: Us 5,000 8 f: g r -0’tl/;o ’_ 5’900 6 "’ 153., -075" Use the following information about an investment fund for Question 3. Fund Value Before Contributions Contributions "- 5 000 0 r l J 'x l 2 3. Calculate the dollar weighted return on this fund. ’ / DMD m Cay/g wig/$53. mU$% 1/6622. Coach C5 5 5,006? = "/0) 000 /0,L>o‘3 -= 5:: We aflr‘ a “7.79 77/ % ...
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