ENG 106  Winter 12
1/8
Midterm
Name:
Problem 1 (20 points)
Problem 2 (10 points)
Problem 3 (20 points)
Problem 4 (15 points)
Problem 5 (15 points)
Problem 6 (30 points)
Problem 7 (15 points)
TOTAL (125 points)
Many of the questions are about setting up the equations to solve for an analysis.
If it says Do
not solve, just set up the relation with either the equations or the table expression {e.g.
(P/F,i’,N)}.
You must calculate (if needed) and insert the proper values into the relation to be
given full credit {e.g. P = $100 (P/F,5%,6 yrs)}.
You must circle or box
your final answer to be
given credit.
This exam is closed book and closed notes.
You may have four sides of an 8 1/2 by 11 sheet
with handwritten notes.
The point values are given in parentheses after each problem.
The total
exam is worth 125 pts. or 25% of your grade.
The room is crowded.
You are expected to do your own work and try to shield your work from
direct view of your neighbors as much as possible.
The Code of Academic Conduct requires that
students not cheat on exams, plagiarize or commit other unfair or dishonest academic acts.
Every effort should be made by students to ensure a fair examination.
I agree to uphold the UCDavis Code of Academic Conduct.
Student's Signature
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentENG 106  Winter 12
2/8
Midterm
Name:
1.
Bryan deposits $1200 into a saving account at the end of each year for five
years.
The bank pays at the rate of 6% APR, compounded quarterly.
a)
Solve for the effective interest rate that matches the deposit schedule.
(10 pts)
C = 4 int periods/pay periods
K = 1 pay period/year
݅
ൌ ቀ1
ቁ
This is the end of the preview.
Sign up
to
access the rest of the document.
 Spring '12
 fizali
 Inflation, Time Value Of Money, Debt, Interest, P/F

Click to edit the document details