MA373 S11 Test 2-1

MA373 S11 Test 2-1 - Math 373 Test 2 March 10, 2011...

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Math 373 Test 2 March 10, 2011 Instructions DO NOT OPEN THE TEST UNTIL TOLD TO DO SO. If you want full credit for those correct or Partial Credit for those that are wrong You must show your work. You may only use the approved calculators. Use of other calculators will result in you receiving a zero on this test. If you have a question, raise your hand and I will come and see you. GOOD LUCK!
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Math 373 Test 2 Spring 2011 1. You are given the following interest rates: Year 1 Year 2 Year 3 Year 4 Portfolio Year 2000 0.060 0.058 0.056 0.054 0.050 2004 2001 0.055 0.052 0.050 0.047 0.045 2005 2002 0.050 0.048 0.045 0.042 0.040 2006 2003 0.045 0.042 0.039 0.037 0.035 2007 2004 0.040 0.036 0.032 0.029 0.027 2008 2005 0.035 0.032 0.030 0.028 0.025 2009 2006 0.030 0.027 0.025 0.023 0.022 2010 2007 0.026 0.024 0.023 0.022 2008 0.023 0.022 0.021 2009 0.021 0.020 2010 0.019 Amanda invests 1000 on January 1, 2005 in an account which credits interest based on the investment year method. Katie invests 1000 on January 1, 2005 in an account which credits interest based on the portfolio method. Calculate the amount that each investor will have on December 31, 2009.
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2. Brett is repaying a loan with 360 monthly payments. Payments during the first year are 100 per month. Payments during the second year are 200 per month. Payments during the third year
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MA373 S11 Test 2-1 - Math 373 Test 2 March 10, 2011...

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