Math 373
Fall 2011
Homework
NonInterest Theory
1.
501 + 502 + … + 1000 =
2.
If
5
(1
)
1.1,
i
calculate
5
10
100
1
(1
)
(1
)
...
(1
)
.
i
i
i
Chapter 1, Section 3
3.
Book Problem 1.3
Number 1
4.
Book Problem 1.3
Number 2
5.
Book Problem 1.3
Number 3
6.
Book Problem 1.3
Number 4
7.
Book Problem 1.3 Number 5
8.
Book Problem 1.3
Number 6
Chapter 1, Section 4
9.
Book Problem 1.4
Number 1
10.
Book Problem 1.4
Number 2
11.
Book Problem 1.4
Number 3
12.
Book Problem 1.4
Number 4
13.
Book Problem 1.4
Number 5
14.
Book Problem 1.4
Number 6
Chapter 1, Section 5
15.
Book Problem 1.5
Number 1
16.
Book Problem 1.5
Number 2
17.
Book Problem 1.5
Number 3
18.
Book Problem 1.5
Number 4
19.
Book Problem 1.5
Number 6
20.
Book Problem 1.5
Number 8
21.
Book Problem 1.5
Number 9
22.
Rose invests money in a bank account earning compound interest at an annual effective interest
rate of 5%.
Tim invests money in a bank account earning 10% simple interest.
What year will Rose and Tim earn the same annual effective interest rate?
Chapter 1, Section 6
23.
Book Problem 1.6
Number 1
24.
Book Problem 1.6
Number 2
25.
Book Problem 1.6
Number 3
26.
Book Problem 1.6
Number 4
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Math 373
Fall 2011
Homework
27.
Book Problem 1.6
Number 5
28.
Miguel takes out a loan to purchase a used car.
The loan that Miguel initiates charges
compound discount at a rate of 12%.
The loan is to be repaid in 5 years.
Under the loan,
Miguel will have to pay 10,000 at the end of 5 years.
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 Fall '08
 Staff
 Math, Time Value Of Money, Net Present Value, Nominal Interest Rate, Prime number

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