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Unformatted text preview: Quiz 2
Math 373 September 20, 2011 1. Daniel loans Qian 15,000. Qian agrees to repay the loan with three annual payment. The first
payment is 5000, the second payment is 6000, and the last payment is 7000. Daniel reinvests each loan repayment at an annual effective interest rate of 8%. a. Calculate the Qian’s annual rate of interest on the loan. 599a?) @9496; #729th
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“3 2. Kalli invested 50,000 in an account three years ago. One year ago, the account had a balance of
100,000 and Kalli withdrew $50,000. Today, Kalli has 30,000 in the account. Determine the annual effective time weighted return earned by Kalli on this account. , ~ g? 0@
WoolQQ éCDJO ’3 3 Quiz 2
Math 373 September 20, 2011 1. Daniel loans Qian 15,000. Qian agrees to repay the loan with three annual payment. The first
payment is 7000, the second payment is 6000, and the last payment is 5000. Daniel reinvests each loan repayment at an annual effective interest rate of 8%. a. Calculate the Qian’s annual rate of interest on the loan. }.Q¢_ME_Mmm_mmwwgw%mﬂMgﬂmﬁqoxajgawmt.Lt_mmywawm.oo.aa.aomatkﬂi
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, “a j i. l 9, {a 1M. 80 /@§Q§ 2. Kalli invested 50,000 in an account three years ago. One year ago, the account had a balance of
120,000 and Kalli withdrew $50,000. Today, Kalli has 40,000 in the account. Determine the annual effective time weighted return earned by Kalli on this account. ﬁgéﬁﬂﬂ / QCQQ % @QQ (233:3 )ﬂmw I WM ...
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This note was uploaded on 02/26/2012 for the course MA 373 taught by Professor Staff during the Fall '08 term at Purdue UniversityWest Lafayette.
 Fall '08
 Staff
 Math

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