This preview shows pages 1–4. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full DocumentThis preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: Math 172A Exam 1 10/22/10 Name: _______________________ 1. Deposit to fund: $3,000 paid on 1/1/2010 Withdrawal from fund: $1,000 on 1/1/2015 Interest accumulates at the following rates for the various periods specified: 2010 through 2012: d (5) = 8% 2013 through 2016: = 7% 2017 through 2022: i (24) =6% What is value of the fund as of 12/31/2022? Do the problem whichever way you want. If you use the TVM functions on your calculator, fill in the boxes below. n i PV PMT FV beg/end 2. Bank I credits interest at a continuous rate that is a function of t: (t) = (50+10t+t 2 )/1000 a) $5,000 is deposited at t=2. What is the accumulated value at t=6 ? b) What is the annual rate of simple interest earned during the investment period? 3. Anthony opened a savings account at Bank Z on 7/1/2010. It credits interest at a nominal rate of 8% compounded quarterly. He made the following deposits and withdrawals. Deposits: 7/1/2010 $500 , 7/1/2014 $200 Withdrawals: 7/1/2012 $100 , 7/1/2015 $X , 7/1/2018 $865 The 7/1/2018 withdrawal emptied the account....
View Full
Document
 Fall '08
 Kong,L
 Math

Click to edit the document details