Surname ____________________________
Given Name_________________
UW ID Number_________________
1
MIDTERM EXAM
MSci 261 Engineering Economics
Fall 2011
Thursday, October 27, 7:00 – 9:00 p.m., RCH-301.
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