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    Me - Mathematics of Investment 2023

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    Nyctos From MHM
    This document is a midterm examination for a mathematics of investment course. It contains 12 questions testing students' abilities to calculate present and future values, ordinary annuities, sinking funds, loans, and amortization schedules using various interest rates compounded periodically over different lengths of time. Students are asked to show their work and provide numerical answers as well as construct schedules using manual and Excel computations.

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    Me - Mathematics of Investment 2023

    Uploaded by

    Nyctos From MHM
    19 views2 pages
    This document is a midterm examination for a mathematics of investment course. It contains 12 questions testing students' abilities to calculate present and future values, ordinary annuities, sinking funds, loans, and amortization schedules using various interest rates compounded periodically over different lengths of time. Students are asked to show their work and provide numerical answers as well as construct schedules using manual and Excel computations.

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    Me.mathematics of Investment 2023

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    This document is a midterm examination for a mathematics of investment course. It contains 12 questions testing students' abilities to calculate present and future values, ordinary annuities, sinking funds, loans, and amortization schedules using various interest rates compounded periodically over different lengths of time. Students are asked to show their work and provide numerical answers as well as construct schedules using manual and Excel computations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    19 views2 pages

    Me - Mathematics of Investment 2023

    Uploaded by

    Nyctos From MHM
    This document is a midterm examination for a mathematics of investment course. It contains 12 questions testing students' abilities to calculate present and future values, ordinary annuities, sinking funds, loans, and amortization schedules using various interest rates compounded periodically over different lengths of time. Students are asked to show their work and provide numerical answers as well as construct schedules using manual and Excel computations.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    MATHEMATICS OF INVESTMENT

    MIDTERM EXAMINATION

    NAME: ______________________________________________ DATE: _________________________


    YEAR AND SECTION: __________________________________ SCORE: _____________________

    Answer the following. Please box the results of your computations and, if applicable, use white
    paper.

    1. Find the present value and the amount of a 𝑃ℎ𝑝 45 000 ordinary annuity payable quarterly
    for 5 years if money is worth 11% compounded quarterly.

    2. Jim and his partners want to have 𝑃ℎ𝑝 4.2 𝑀 in 3 years. They make semiannual deposits in
    an account which pays interest at 7% compounded semiannually. Find their semi-annual
    deposit.

    3. To start an IT business, Elmer and Erwin borrowed 𝑃ℎ𝑝 4.5 𝑀 with interest at 10%
    compounded quarterly. They will repay the debt by making 12 equal quarterly payments. If
    the first payment is due at the end of 18 months, how much is the quarterly payment?

    4. Goriotik obtains a 𝑃ℎ𝑝 13 𝑀 bank loan at 12% interest compounded semi annually to
    construct another studio. The company repays the loan by paying 𝑃ℎ𝑝 0.5 𝑀 every six
    months. What is the outstanding principal after the 10𝑡ℎ payment?

    5. Mrs. Tashiba recently purchased a condominium for 𝑃ℎ𝑝 3 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 for son. What
    amortization payment is required each month, at 8% interest, to pay off this obligation in 5
    years? Construct the amortization schedule. (Use manual and excel computation)

    6. To have 𝑃ℎ𝑝 3 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 in 5 years. Mrs Tashiba deposits an amount monthly each year in a
    sinking fund earning 6% effective. Find the monthly deposit and construct the sinking fund
    schedule. (Use manual and excel computation)

    7. To repay a 𝑃ℎ𝑝 3 𝑚𝑖𝑙𝑙𝑖𝑜𝑛 loan due in 5 years at 8% compounded monthly, a sinking fund
    being considered. If the funds earn 6% compounded monthly, is this better than repaying
    the dept via amortization?

    8. To expand your business selling collectibles on the Internet, you need a loan of
    𝑃ℎ𝑝 1,500,000. Your banker loans you the money at a 12% annual interest rate, which you
    agree to pay in three equal monthly installments of 𝑃ℎ𝑝 175,000. Construct an amortization
    schedule for this loan. (Use manual and excel computation)

    9. To raise 𝑃ℎ𝑝 150 000, Jacob makes monthly deposits of 𝑃ℎ𝑝 15 000 each in a fund that pays
    6% compounded monthly. What interest is earned on the 15th deposit date? By how much
    did he fund increase on the 15th deposit date?
    10. Ross took out a loan of 𝑃ℎ𝑝 500 000 at 5% compounded semi-annually. If the loan is to be
    repaid in 5 years through a sinking fund that earns 4% compounded semi-annually, how
    much is the loan’s semi-annual cost?

    11. The Hashira wants to raise 𝑃ℎ𝑝 1 000 000 in 2 years by depositing a particular amount every
    6 months in a fund that earns 10% compounded semi-annually. Find out how large should
    this amount be. Construct a sinking fund schedule. (Use manual and excel computation)

    12. Mr. Forger repays a loan of 𝑃ℎ𝑝 1 500 000. What quarterly deposits into a sinking fund
    earning 7% compounded quarterly in 3 years. Construct a sinking fund schedule. (Use
    manual and excel computation)

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