For each question, there are 3 answers because there are 3 versions of the test.

To find your version, look at question #1:

ver.1 has 1995, ver.2 has 1996 and ver.3 has 1997.

marks: 2 marks deducted for each error in your method; 1 mark deducted for a purely numerical error.

- 300
*s*_{73|0.005}= $26352.27.200

*s*_{61|0.005}= $14223.78.200

*s*_{49|0.005}= $11073.66. - 5000
*a*_{9|0.05}(1.05)+5000*a*_{9|0.07}(1.07)(1.05)^{-9}= $59784.87. Note: There are other ways of doing this such as 5000+5000*a*_{9|0.05}+5000*a*_{8|0.07}(1.05)^{-9}.5000

*a*_{8|0.05}(1.05)+5000*a*_{8|0.07}(1.07)(1.05)^{-8}= $55554.48. Note: There are other ways of doing this such as 5000+5000*a*_{8|0.05}+5000*a*_{7|0.07}(1.05)^{-8}.5000

*a*_{10|0.05}(1.05)+5000*a*_{10|0.07}(1.07)(1.05)^{-10}= $63607.61. Note: There are other ways of doing this such as 5000+5000*a*_{10|0.05}+5000*a*_{9|0.07}(1.05)^{-10}. - 70000 = 600
*a*_{n|0.005}; 1-1.005^{-n}= 70000(0.005)/600 = 0.5833333; 1.005^{n}= 2.4;*n*=*log*(2.4)/*log*(1.005) = 175.53. 175 regular payments. Final smaller payment*X*= (70000-600*a*_{175|0.005})(1.005)^{176}= $319.04.60000 = 500

*a*_{n|0.005}; 1-1.005^{-n}= 60000(0.005)/500 = 0.6; 1.005^{n}= 2.5;*n*=*log*(2.5)/*log*(1.005) = 183.72. 183 regular payments. Final smaller payment*X*= (60000-500*a*_{183|0.005})(1.005)_{184}= $358.21.50000 = 400

*a*_{n|0.005}; 1-1.005^{-n}= 50000(0.005)/400 = 0.625; 1.005^{n}= 2.666666;*n*=*log*(2.666666)/*log*(1.005) = 179.66. 196 regular payments. Final smaller payment*X*= (50000-400*a*_{196|0.005})(1.005)^{197}= $262.57. - 3+3/
*i*where (1+*i*)^{4}= 1.10; 3+3/0.024113689 = $127.41.4+4/

*i*where (1+*i*)^{4}= 1.10; 4+4/0.024113689 = $169.88.5+5/

*i*where (1+*i*)^{4}= 1.10; 5+5/0.024113689 = $212.35. - (1000/1.1)
*a*_{15|i}where 1+*i*= (1+0.05/4)^{4}/1.1 = 0.955404852. So*i*= -0.044595148. Answer = $20026.37.(1000/1.1)

*a*_{20|i}where 1+*i*= (1+0.05/4)^{4}/1.1 = 0.955404852. So*i*= -0.044595148. Answer = $30380.33.(1000/1.1)

*a*_{10|i}where 1+*i*= (1+0.07/4)^{4}/1.1 = 0.974417301. So*i*= -0.025582699. Answer = $10512.65. - 6
*s*_{4|i}-4*s*_{2|i}+5*a*_{2|i}4

*s*_{4|i}-2*s*_{2|i}+3*a*_{2|i}5

*s*_{4|i}-4*s*_{2|i}+2*a*_{2|i}

File translated from T

On 12 Feb 2001, 13:01.