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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+ mosg; + moot2:3 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
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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:
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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.)
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a” (11%?” :[l+é,;3> 'eD #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
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c. Monthly effectiveinterest rate 15) 4% 'e’ l%  \ I}:
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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.
 Fall '08
 Staff
 Math

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