ENG106W12-Q2-solution2

ENG106W12-Q2-solution2 - ENG 106 Winter ‘12 Quiz #2 Open...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ENG 106 Winter ‘12 Quiz #2 Open Notes Name: You make a deposit of $100 is made at the end of each 6 months (semi‐annual) for 4 years. Assume a 12% interest rate. a) Determine the semiannual interest rate. b) Set up the equation for the present worth (P) of these deposits using the series equations (i.e. one of the A equations) and the appropriate values for A, N and i. Set up the equations but do not solve. P 0 1 2 3 4 years 100 a) % 6% b) P = A (P/A, I, N) = $100 (P/A, 6%, 8) or 100 . . . ...
View Full Document

This note was uploaded on 04/03/2012 for the course ENGIN 106 taught by Professor Fizali during the Spring '12 term at Laney College.

Ask a homework question - tutors are online