SOA #1 - 19. Ca Hrs: PM Calculatu the naminal rale nF...

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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} 18-0% 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: [Lt-enuy. = if” 2 Com-SE 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 EN-Z‘ 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‘ (lg-USP) 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 Carer-5e 2 2 May Jl'lflfl' 3?. Course 2 A customer is offered an imam-nan where interest is calculated according to [he Fallowing farce nFintL-rest: 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- pea-ind? (A) {E} (C) (D) {E} 3.4% 3,?% 4.0% 4.2% 4.5% L; g eta 1550 E. Q”) 38 May 29:39 ...
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SOA #1 - 19. Ca Hrs: PM Calculatu the naminal rale nF...

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