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DSC1630 ASSIGNMENT 1 SEMESTER 1 2023

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Course: DSC1630 - Introductory Financial Mathematics

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Uploaded on: February 11, 2023
Number of pages: 15
Written in: 2022/2023
Type: Exam (elaborations)
Contains: Questions & answers

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dsc1630
assignment 1
semester 1
2023

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ANSWER

𝑆 = 𝑃 + 𝑃𝑟𝑡
5
1 000 = 𝑃(1 + 0.12 × ( ))
12
21
1 000 = 𝑃(20)

𝑃 = 952.38

𝑂𝑝𝑡𝑖𝑜𝑛 𝐴

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