1.
1.
2.
2.
Calculate
if i=0.16 compounded annually.(Answer: 144.69)
What would your answer be if you assumed simple interest to
accumulate payments for fraction of a year?(Answer: 144.93)
Using
and
,
1.
If
and
. Determine
2.
100 monthly payments of
were invested at the end of each month to
at the end of the 100th month using i(12)= 0.15. At this
accumulate to
time, the
was used to purchase a 5 yea
1.
Simplify (no summation):
and evaluate the following
2.
Solve for d:
3.
Simplify:
4.
Integrate:
5.
On January 11, 2000 you invested $500 into a fund paying simple interest of
10% using the Banker's
ACMA 310 Practice Midterm 1
75 Minutes
1.
Determine a(5) if
. (5 marks)
2.
If
, determine an equivalent rate of discount compounded semiannually. (5 marks)
3.
What is the accumulated value of $12,000
ACMA 310 Practice Midterm 2
Nov. 1, 2000
1.
If
, determine
. (10 marks; Answer: 6.50)
2.
If the principal repaid is 6 times the interest paid in the 3rd last payment of an
amortized loan, determine th
1.
An investor invested $5000 at the beginning of a year into a fund. At the end of
the first quarter the fund was worth $5250 and he decided to make an additional
deposit of $2500, a month later the
1.
Two people, A and B, each take out a loan of $X. Person A will repay her loan
by making one payment of $800 at the end of year 10. Person B will repay his
loan by making one payment of $1120 at the
1.
Create a premium-discount bond amortization schedule for a 3 year 8%
semiannual bond, redeemable at the end of 3 years for $95, which is purchased
to yield 6% convertible semiannually.
2.
Using the
1.
An 8%-semiannual loan of $50,000 is to be repaid using 16 level semi-annual
installments plus interest on the outstanding balance. Find the value of the
payments at the end of the 8 years, if the p
1.
If a 10 year, 12% semi-annual loan is being amortized using semiannual
payments of $4000, determine the amount of principal repaid in the 13th
installment.
2.
A payment of $2233 is made at the end
1.
If a(t)=1+0.05t+0.01t2 for
(5 marks)
and
, determine A(5).
2.
If v=0.89, determine
(a)
d
(b)
and .
(5 marks)
3.
Which rate is more favourable to an investor: a 10% rate of
interest compounded semia