This preview shows pages 1–5. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: 19. Ca Hrs: PM Calculatu the naminal rale nF discount convertible monthly [hat is cquivalcnl rate of inicrtm of J 3.9% pﬂr year convertible munthly. [A]
[13} 180%
18.3%
13.6% 133% 19.2% <0 to a nmﬁinal Mg» 2130.5 I3. Al a nominal inlercn vale of .f canvaﬂ‘thle Semi—annually, an investmenl of Iﬂﬂﬂ immcdiatcly and 1500 at 1:11: and ul‘lhe ﬁrst 3&3; will accumulate to 16!)“ at the. and GE
ﬂ _.
J [m 1
tbs SCIEDHEI year. m  M GEN CL 11. ‘ “i '1' “3' 4i ‘E‘Fm
Calculate f. ‘5 Ln‘: 5a (A) 2.3% (Trial: 4) $4" "I
[13} 1.11% C “1‘ "v “(Limb TWP? :. I
(C) 1.19% C"? {1'1 Q Ftp—S Z. :
E03} )2.31% CC? V“; 1:65‘3 hFéM :. g
IE) 133% mm: [Ltenuy. = if” 2 ComSE FM M5 Ma}! 2031' O
T. Mik: receives cash ﬂows of 1GB today, 101') in one yam, and 1131‘] in two years. Th: present value afthese cash flows is 354.46 at an annuai aﬁentiw: rate ofinterest f. Calculata 2'. CE» mm
{A} 10% J? (B) 11% (C) 11% J? $ 4? (D1 13% $161) @151; ﬂ {m
(E) 14% C F4) 2% '1‘ [5—D Qatal: “2,570 ENZ‘
C41: Hll‘ CDHTEE FM If} MEI}! 3905 1. Joe deposits III] teda},r and another as in ﬁve years into a fund paying simple interest at” l 1% per year. Tine will make the same [we deposits. but the it] will be deposited 1: years frem today
and the 30' will be deposited 21: years from today. Tina's deposits earn an annua] elTeetive tale of 9.15% . At the end of" 10 years, the accumulated amnunt of Tina‘s deposits equals the accumulated amount of Joe's deposits. Calculates. 10C [ff“5.. [Ost 30Ci+ ‘LLR'SE '1 .. “ﬂ Lu ._ “3
{A} as _ Q‘M‘lgp) * lo '1‘ (lgUSP) 3‘" 30
(e) 2.3 M m : dﬂc‘lgs'“ {C} 2.6
it,
(D) 2.9
2 _ i .
{E} 3.2 'ZQYIZJC  to 11'. 530. — @5331: [125307 Carer5e 2 2 May Jl'lﬂﬂ' 3?. Course 2 A customer is offered an imamnan where interest is calculated according to [he Fallowing farce nFintLrest: I' _ (1.02: 05:53.
11045 3m! The customer im’ests IDIJEI at lime t= ﬂ , “Mint nnminaJ ram of inierest, campuundcd quarlerly, is earned over the ﬁrst [bur—yam peaind? (A)
{E}
(C)
(D)
{E} 3.4%
3,?%
4.0% 4.2% 4.5% L;
g eta
1550 E. Q”) 38 May 29:39 ...
View
Full
Document
 Winter '09
 kong

Click to edit the document details