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Unformatted text preview: Â« {Ll/kch wiljlrutaaaw
l) f t) W Â» Math 373
Spring 2012
Quiz 1 January 24, 2012 1. Grace invests 1000 today in an account earning simple interest at an annual rate of s .
Tori invests X today in an account earning compound interest at an annual rate of 5%. During the 10th year of their investment, both accounts earn the same annual effective interest
rate. At the end of the 10th year, the amount in Graceâ€™s account is equal to the amount in Toriâ€™s
account. â€˜ Determine X. \ 451$, ï¬‚ 3% eager).ng 2% $2: N A â€œMW vma mg; ayeÂ»? m willâ€œ? moo (/ Â«7L /& K l lâ€? (22$ X "4:: WW IQ WWVW 2. You are given that i: 8%. Provide the answers to the following to five decimal places. Calculate theiginual nominal interest rate compounded quarterly. â€œ92%;; Lâ€œ \ 4%} LW3>Qâ‚¬ g MOE 5"â€œ (Pb? ' who. Li; may aÂ» â€˜7, â€œT7 out; (9/43 Calculate th e Calculate t 71.96â€œ??? (a; Calculate dâ€œ). (3)â€3 (a) mg
HMQJL Â£3 l.oe~: ,iwÂ£> 4 3. You are iven thatvt =â€”â€”â€”â€”â€”â€”â€”â€”.
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Spring 2012
Quiz 1 January 24, 2012 1. You are given that i: 9%. Provide the answers to the following to five decimal places. FWWKWW Calculate the monthly effective interest rev/Jam Calculate the orce ofinterest. ma
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g 0 4+0.1t+0.0hr2 . Calculate 58. I 15;) h 152; w ) gag aWSWWMaggy; gt 5 m5? @aQQH; w'wy. Qazg'i: 6:29 (:3 â€˜72. Ã©? . I 3. Grace invests 2000 today in an account earning simple interest at an annual rate of s.
Tori invests X today in an account earning compound interest at an annual rate of 5%. During the 10th year of their investment, both accounts earn the same annual effective interest
rate. At the end of the 10th year, the amount in Graceâ€™s account is equal to the amount in Toriâ€™s
account. Determine X. M #0 Fl Maj Fiï¬/Â«m a rm er gs 2:; ML .. m l
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â€œmg a WWW ,9 ,, Math 373
Spring 2012
Quiz 1 January 24, 2012 1. You are given that i: 6%. Provide the answers to the following to five decimal places. â€œWï¬ï¬m w x'mwwpuridï¬vgâ€˜ï¬‚mfmï¬mwmï¬‚hâ€˜ Calculate effective interest rate. ~[l ext . v, r~ ï¬‚irt/W4 A aÂ» a amâ€œ, at MAW ta Â», m,,u.._w,ï¬ M RIV/ ,7 â€˜ r â€œM  Av m1Â¢mï¬‚ur â€˜ V â€™ MM 7 '/. 4
Calculate the @8351 nominal interest rate compounded WNW (f ) Ll
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NRC/7â€?) ":53 lbw/W"? "bub; qLLllot lawD: gtgkÂ§Â§% 9/9 Calculate th â€œ 2. Grace invests 3000 today in an account earning simple interest at an annual rate of s. Z l
Tori invests X today in an account earning compound interest at an annual rate of 5%. During the 10th year of their investment, both accounts earn the same annual effective interest
rate. At the end of the 10th year, the amount in Graceâ€™s account is equal to the amount in Toriâ€™s
account. Determine X. 3. You are given that v(t) = w AM
my ma QM): 315:? Sâ€ Z if g M W' Q%O.!E+Q.Â®)tâ€” 4 Calculate 66. LÂ» â€˜3â€ } +~ 0 mÂ§Ã© 6)? @00335132W W if) {C} [3 ' Q Hf MAW â€œMM; M Â«v @EIâ€˜râ€˜ â€™ ) ...
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