Preparation for the Test #2 {Chapters 9-11} Math 1021
Review/Group Work .
1. Alex is purchasing a membership in a tness center. He can pay either $280 now or pay $100 now,
$100 in twelve months, and $100 in fteen months. Which option is better if money is
4/20/2015
Course Outline | George Brown College
George Brown College
COURSE NAME:
COURSE CODE:
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COURSE CONTACT
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MATHEMATICS OF FINANCE
MATH1021
3
42
January 2015
YES
EXAMS Review
gChagters 7-10)
1. Compute the following: «i assert} a t7
a) The principal that earns $45.36 at10.5% for 312 days lzrrt rt? Wig; , .
b) The amount of interest for $1295.50 at 6.75% from October 2, 2011 to ApriT15, 20125309 iiimimgmgé £3 f.
George Brown College
Student/Name:
Course: MATH1021/Mathematics of Finance
Time: 50 min
Calculators are allowed
Formula sheet is provided
Total Marks:
/30
Sample-Quiz #1 (5%) Chapters 7 and 8
1
Compute the following:
a
Investment that earns $20.55 at 5% f
1. Joe is negotiating the purchase of a sound system. He can either pay $2000 now or pay $100 now
and $2200 in eighteen months. Which option is better if money is worth 8% compounded monthly?
$2000,
.Option #1
Now-18 months
$100
+
$2200 .Option #2
(Set P/
Test #2
Professor:
Andriy Botyuk
Total Marks:
/50
1. Jane is purchasing a membership in a fitness center. She can pay either $350 now or
pay $130 now, $150 in twelve months and $170 in fifteen months. Which option is
better if money is worth 7.5% compound
1. Leah deposited $1500 into a savings account that earned simple interest of 1.05% on July 17, 2012.
How much interest was earned and paid into Leahs account on December 1, 2012?
4
Here, P=$1500, r=1.05%=0.0105, t=137/365=0.375342466; I=?
Using the formu
Pre-Requisite is Grade 12 Level
Math or Equivalent
Math 1021
Professor: Peter Au
Office: 405-CFSE
Contact:
Mathematics of Finance
Phone: 416-415-5000 x3474
Email: [email protected]
Prefer contact through Blackboard
Office Hours: TBA
Best to email a time
Sample Quiz #2
Professor:
Andriy Botyuk
Total Marks:
30
/
1. A six-year note for $1750 issued on December 1, 2012, with interest at 6.5%
compounded annually, is discounted on June 1, 2015, at 7% compounded semiannually. What are the proceeds of the note?
1.
Determine the missing value for each of the following (2 marks each)
Interest
1.
2.
3.
4.
$ 67.83
$215.00
$ 68.96
Principal
$3,650.00
?
$2,400.00
$830.00
Rate
4.25%
9.5%
?
10.75%
Time
250 days
7 month
10 month
? (days)
2.
Mishu wants to invest an inher
MATH 1021 PREPARATION FOR THE TEST 1 (Review I Part 2)
CHAPTER7
1. Determine the exact time in days by between March 25, 2007 and February 16, 2009.
(694 days possible LEAP year)
What date is 220 days after May 24, 2005
(Dec 30, 2005)
3. A cheque is rec
Name
Date Section
CHAPTER 11
TENJIINUTE QUIZ
Circle the letter of the best response.
\g} _ 1. A contingent ammty is one in which:
3»;
a) the beginning and ending dates are blown
b) the beginning and/or endixig dates are not known
c) the payments start i
introduction to Annuities Chapter 11
Basic concepts
Definition of an annuity
An annuity is a series of payments, usually of equal size, made at periodic intervals.
Related terms
PMT1 PMTz PMT3 PMT4 PMT5 PMTM PMTM PMTn
l «l - "i - «i - i . .J - «I - -4
a)
Course Outline | George Brown College
2017-05-13, 4+47 PM
George Brown College
COURSE NAME:
MATHEMATICS OF FINANCE
COURSE CODE:
MATH1021
CREDIT HOURS: 3
COURSE
CONTACT
HOURS:
42
PREREQUISITES:
COREQUISITES:
EFFECTIVE
DATE:
January 2017
PLAR ELIGIBLE: YES