MA 373 S11 Quiz 1 Solutions

# MA 373 S11 Quiz 1 Solutions - Quiz 1 Math 373 September 7...

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Unformatted text preview: Quiz 1 Math 373 September 7, 2011 1. You are given: a. a(t) =1+cz‘+.001t3 where c is a constant b. 510 =0.14 Lexi invests 1000 at time 0. How much will she have at time 10? i , d +0.003t" ! W) 5t a - ‘ ; €53 ,1 r"— Ct +0.00%}? 370 , 0J4;- meek )+ a (10> + acol/woab 0.i‘«/v{2+ /0c,3 :: C: +0‘3 0.2% +1061. 5: c: +523 wad*@,é?lw 3 0.02»: 7 ,9“, C 0‘“ :3 i :. QM): i+ mos-g; + moot-2:3 LPV‘JL /OOQ Q (m) r )000 (N, 0,o_g’{’/U>+‘0iboi//OD) 2. Emily invests 1000 at a simple rate of interest S. Emily will earn an effective rate of interest of 2% in the 31st year of her investment. How much will Emily have at the end of 40 years? #0333 ME 5? Mess we ﬂees!» “ﬁgs? 3 93;»?! @ﬁlg 52.9% 9 /§é§@ zVi3>E /CDQ{;;D(/ +5 3 V 3. You are given that the nominal interest rate compounded quarterly i "8%. Calculate the following accurate to 6 decimal places. a. Annual effective interest rate g: ' (a) ‘u. n 5’ L} NW [la—:53) 3%? t: [Hm “3% #3008233} Ll k?) (u\ b. Quarterly effective interest rate :5} (jar: £1,193 9 03 K we? at x: @l @; @QQQ *4»; c. Monthly effective interest rate a: of) We «A ~02.) (ii »2‘> rig/Hale 2+3»: lza (my) /) + 0493‘ y??? I; "m" ii I": [I + Cm LVme “"1? d. d(12) m) “2” ‘1 Li) (,2) .(u a “Lima a” (11%?” :[l+é,;3> 'e-D #4520 L?) Quiz 1 Math 373 September 7, 2011 1. You are given that the nominal interest rate compounded quarterly ialculate the following accurate to 6 decimal places. a. Annual effective interest rate (4) b. Quarterly effective interest rate = (/04) 0 0b W ‘ “7:? 3"" m :r' 6;) , Q fie C3 (QC? ll (/23 c. Monthly effectiveinterest rate 15) 4% 'e’ l% - \ I}: Hi: m if” H94): 32w m “l” 3%}; '1“ “3E .oé Vi: ”’ éLTae (l T wleopoth’75 2. You are given: a. a(t) =1+ct+.001t3 where c is a constant b. 510 =0.14 Lexi invests 1000 at time 0. How much will she have at time 10? 5:6 a??? W. g. Q. +0.0cgth [945% jfi‘ét +Q.eo/“ét5 C, in \$.9Q I “3 3+ @ (20> + meow/c9935 {EM/{MW [@6235 a mg ‘ 02;? ". Qlwé); 1+» 0.035%: «174.». 9,599”; 3. Emily invests 1000 at a simple rate of interest 5. Emily will earn an effective rate of interest of 5% in the 11th year of her investment. How much will Emily have at the end of 40 years? .H he.” 0/“ H0305 ...
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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.

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MA 373 S11 Quiz 1 Solutions - Quiz 1 Math 373 September 7...

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