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MA373 F11 Quiz 1-2 Corrected

# MA373 F11 Quiz 1-2 Corrected - where c is a constant b 10...

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Quiz 1 Math 373 September 7, 2011 1. You are given that the nominal interest rate compounded quarterly is 6%. Calculate the following accurate to 6 decimal places. a. Annual effective interest rate b. Quarterly effective interest rate c. Monthly effective interest rate d. (12) d

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2. You are given: a. 3 ( ) 1 .001 a t ct t where c is a constant

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Unformatted text preview: where c is a constant b. 10 0.14 Lexi invests 1000 at time 0. How much will she have at time 10? 3. Emily invests 1000 at a simple rate of interest S. Emily will earn an effective rate of interest of 5% in the 11 th year of her investment. How much will Emily have at the end of 40 years?...
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