Surname ____________________________
Given Name_________________
UW ID Number_________________
1
MIDTERM EXAM
MSci 261 Engineering Economics
Fall 2010
Thursday, October 28, 7:00 – 9:00 p.m., RCH-302.
Department of Management Sciences,
Faculty of Engineering
Instructor
:
David Fuller
Aids Permitted
: Non-communicating calculators only (No cell phones, PDAs or computers).
The formula
sheet and interest tables are attached (detach them if you wish, as they need not be turned in).
Time available
: 2 hours.
Instructions:
•
Write in the spaces provided.
If you need more space, use the blank page 12 or the back of a page, but
be
sure to write a note to the marker to indicate where your answer continues.
•
This exam has 15
pages, with 9
questions on pages 3 to 11, plus an extra blank page for your work, two
pages of interest tables, and a formula sheet; check to make sure no pages are missing.
•
Please put your name and UW ID number on this cover page, and UW ID number on every page.
•
Show your work. Be sure to read the whole of each question and answer all parts.
•
Several questions ask you to write an expression (or an equation) involving the given data, and interest
factor symbols.
Here is a list of allowed interest factor symbols for these expressions:
(F/P,i,N), (P/F,i,N), (A/F,i,N), (F/A,i,N), (A/P,i,N), (P/A,i,N), (A/G,i,N)
Note that (P/A,g,i,N) is NOT on the list !
•
When you calculate an interest rate, please display accuracy to one decimal place, e.g. “12.2% per year.”
Grading:
see next page